ETH-USD vs. THETA-USD
ETH-USD (Ethereum) and THETA-USD (THETA) are both cryptocurrencies. Over the past 5 years, ETH-USD returned -0.85%/yr vs -50.05%/yr for THETA-USD. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
ETH-USD vs. THETA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -35.51% return, which is significantly higher than THETA-USD's -48.52% return.
ETH-USD
- 1D
- 2.26%
- 1M
- 10.05%
- 6M
- -39.98%
- YTD
- -35.51%
- 1Y
- -49.10%
- 3Y*
- 0.37%
- 5Y*
- -0.85%
- 10Y*
- 62.58%
- ALL TIME*
- 80.34%
THETA-USD
- 1D
- -0.12%
- 1M
- -13.81%
- 6M
- -53.79%
- YTD
- -48.52%
- 1Y
- -85.89%
- 3Y*
- -44.83%
- 5Y*
- -50.05%
- 10Y*
- —
- ALL TIME*
- -1.47%
ETH-USD vs. THETA-USD - Yearly Performance Comparison
Correlation
The correlation between ETH-USD and THETA-USD is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018 | 0.60 |
The correlation between ETH-USD and THETA-USD has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.
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Return for Risk
ETH-USD vs. THETA-USD — Risk / Return Rank
ETH-USD
THETA-USD
ETH-USD vs. THETA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and THETA (THETA-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETH-USD | THETA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.75 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.99 | +0.26 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.29 | +0.18 |
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Drawdowns
ETH-USD vs. THETA-USD - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, smaller than the maximum THETA-USD drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for ETH-USD and THETA-USD.
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Drawdown Indicators
| ETH-USD | THETA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -99.11% | +5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -67.60% | -87.02% | +19.42% |
Max Drawdown (3Y)Largest decline over 3 years | -67.60% | -96.33% | +28.73% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -98.62% | +19.27% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -60.40% | -99.05% | +38.65% |
Average DrawdownAverage peak-to-trough decline | -51.01% | -71.91% | +20.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.69% | 52.90% | -18.21% |
Volatility
ETH-USD vs. THETA-USD - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 13.43%, while THETA (THETA-USD) has a volatility of 16.72%. This indicates that ETH-USD experiences smaller price fluctuations and is considered to be less risky than THETA-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETH-USD | THETA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.43% | 16.72% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 46.67% | 52.58% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.96% | 72.48% | -17.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.71% | 82.33% | -23.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.77% | 103.80% | -27.03% |
Frequently Asked Questions
ETH-USD and THETA-USD have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THETA-USD has higher volatility (16.72%) compared to ETH-USD (13.43%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs THETA-USD's -99.11%.
ETH-USD currently has the higher Sharpe Ratio (-0.74 vs -0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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