HBAR-USD vs. THETA-USD
HBAR-USD (HederaHashgraph) and THETA-USD (THETA) are both cryptocurrencies. Over the past 5 years, HBAR-USD returned -16.90%/yr vs -50.05%/yr for THETA-USD. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
HBAR-USD vs. THETA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, HBAR-USD achieves a -36.90% return, which is significantly higher than THETA-USD's -48.52% return.
HBAR-USD
- 1D
- 0.71%
- 1M
- -16.91%
- 6M
- -39.53%
- YTD
- -36.90%
- 1Y
- -75.28%
- 3Y*
- 6.54%
- 5Y*
- -16.90%
- 10Y*
- —
- ALL TIME*
- -23.43%
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%
HBAR-USD vs. THETA-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HBAR-USD HederaHashgraph | -36.90% | -60.44% | 212.23% | 135.51% | -87.44% | 812.76% | 211.49% | -97.54% |
THETA-USD THETA | -48.52% | -88.09% | 76.54% | 71.81% | -84.48% | 152.72% | 2,036.61% | -21.15% |
Correlation
The correlation between HBAR-USD and THETA-USD is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2019 | 0.59 |
The correlation between HBAR-USD and THETA-USD has been stable across timeframes, ranging from 0.58 to 0.68 - a consistent structural relationship.
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Return for Risk
HBAR-USD vs. THETA-USD — Risk / Return Rank
HBAR-USD
THETA-USD
HBAR-USD vs. THETA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HederaHashgraph (HBAR-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.
| HBAR-USD | THETA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.75 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.99 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.29 | -0.03 |
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Drawdowns
HBAR-USD vs. THETA-USD - Drawdown Comparison
The maximum HBAR-USD drawdown since its inception was -97.58%, roughly equal to the maximum THETA-USD drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for HBAR-USD and THETA-USD.
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Drawdown Indicators
| HBAR-USD | THETA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.58% | -99.11% | +1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -77.42% | -87.02% | +9.60% |
Max Drawdown (3Y)Largest decline over 3 years | -82.42% | -96.33% | +13.91% |
Max Drawdown (5Y)Largest decline over 5 years | -92.79% | -98.62% | +5.83% |
Current DrawdownCurrent decline from peak | -86.76% | -99.05% | +12.29% |
Average DrawdownAverage peak-to-trough decline | -74.67% | -71.91% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.53% | 52.90% | -7.37% |
Volatility
HBAR-USD vs. THETA-USD - Volatility Comparison
The current volatility for HederaHashgraph (HBAR-USD) is 12.68%, while THETA (THETA-USD) has a volatility of 16.72%. This indicates that HBAR-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
| HBAR-USD | THETA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.68% | 16.72% | -4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 40.17% | 52.58% | -12.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.08% | 72.48% | -14.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.51% | 82.33% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.86% | 103.80% | +4.06% |
Frequently Asked Questions
HBAR-USD and THETA-USD have a correlation of 0.58, 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 HBAR-USD (12.68%). In terms of maximum drawdown, HBAR-USD dropped -97.58% vs THETA-USD's -99.11%.
THETA-USD currently has the higher Sharpe Ratio (-0.99 vs -1.08), 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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