ETH-USD vs. USDT-USD

Last updated Apr 3, 2026

Compare and contrast key facts about Ethereum (ETH-USD) and Tether (USDT-USD).

Performance

ETH-USD vs. USDT-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ethereum (ETH-USD) and Tether (USDT-USD). The values are adjusted to include any dividend payments, if applicable.

ETH-USD vs. USDT-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETH-USD Ethereum	-30.81%	-10.91%	46.00%	90.84%	-67.48%	398.30%	473.88%	-1.52%	-82.39%	1,373.70%
USDT-USD Tether	0.13%	0.07%	-0.18%	0.03%	-0.07%	-0.05%	0.09%	-1.38%	0.14%	1.32%

Returns By Period

In the year-to-date period, ETH-USD achieves a -30.81% return, which is significantly lower than USDT-USD's 0.13% return.

ETH-USD

• 1D: -4.09%
• 1M: 3.52%
• YTD: -30.81%
• 6M: -54.26%
• 1Y: 14.38%
• 3Y*: 4.27%
• 5Y*: 0.43%
• 10Y*: 68.46%

USDT-USD

• 1D: 0.00%
• 1M: -0.00%
• YTD: 0.13%
• 6M: -0.08%
• 1Y: 0.01%
• 3Y*: -0.01%
• 5Y*: -0.06%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ETH-USD vs. USDT-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETH-USD

ETH-USD Risk / Return Rank: 74
ETH-USD Sharpe Ratio Rank: 86
ETH-USD Sortino Ratio Rank: 85
ETH-USD Omega Ratio Rank: 84
ETH-USD Calmar Ratio Rank: 68
ETH-USD Martin Ratio Rank: 49

USDT-USD

USDT-USD Risk / Return Rank: 79
USDT-USD Sharpe Ratio Rank: 81
USDT-USD Sortino Ratio Rank: 75
USDT-USD Omega Ratio Rank: 75
USDT-USD Calmar Ratio Rank: 82
USDT-USD Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETH-USD vs. USDT-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and Tether (USDT-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.

	ETH-USD	USDT-USD	Difference
Sharpe ratio Return per unit of total volatility	0.19	0.03	+0.16
Sortino ratio Return per unit of downside risk	0.85	0.05	+0.80
Omega ratio Gain probability vs. loss probability	1.09	1.00	+0.08
Calmar ratio Return relative to maximum drawdown	-0.92	-0.20	-0.72
Martin ratio Return relative to average drawdown	-1.58	-0.44	-1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETH-USD vs. USDT-USD - Sharpe Ratio Comparison

The current ETH-USD Sharpe Ratio is 0.19, which is higher than the USDT-USD Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of ETH-USD and USDT-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ETH-USD	USDT-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.19	0.03	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	-0.06	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.00	+0.79

Correlation

The correlation between ETH-USD and USDT-USD is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

ETH-USD vs. USDT-USD - Drawdown Comparison

The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than USDT-USD's maximum drawdown of -10.32%. Use the drawdown chart below to compare losses from any high point for ETH-USD and USDT-USD.

Drawdown Indicators

	ETH-USD	USDT-USD	Difference
Max Drawdown Largest peak-to-trough decline	-94.01%	-10.32%	-83.69%
Max Drawdown (1Y) Largest decline over 1 year	-62.26%	-0.39%	-61.87%
Max Drawdown (5Y) Largest decline over 5 years	-79.35%	-1.54%	-77.81%
Max Drawdown (10Y) Largest decline over 10 years	-94.01%	—	—
Current Drawdown Current decline from peak	-57.51%	-7.23%	-50.28%
Average Drawdown Average peak-to-trough decline	-50.82%	-6.93%	-43.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.50%	0.18%	+36.32%

Volatility

ETH-USD vs. USDT-USD - Volatility Comparison

Ethereum (ETH-USD) has a higher volatility of 18.12% compared to Tether (USDT-USD) at 0.13%. This indicates that ETH-USD's price experiences larger fluctuations and is considered to be riskier than USDT-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETH-USD	USDT-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.12%	0.13%	+17.99%
Volatility (6M) Calculated over the trailing 6-month period	51.50%	0.39%	+51.11%
Volatility (1Y) Calculated over the trailing 1-year period	62.47%	0.40%	+62.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.54%	0.82%	+62.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.86%	6.85%	+72.01%