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 -55.29%/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 -26.59% return, which is significantly higher than THETA-USD's -40.53% return.
HBAR-USD
- 1D
- -1.54%
- 1M
- -16.53%
- YTD
- -26.59%
- 6M
- -37.13%
- 1Y
- -52.17%
- 3Y*
- 18.50%
- 5Y*
- -16.90%
- 10Y*
- —
THETA-USD
- 1D
- 4.86%
- 1M
- -29.74%
- YTD
- -40.53%
- 6M
- -54.31%
- 1Y
- -78.88%
- 3Y*
- -37.48%
- 5Y*
- -55.29%
- 10Y*
- —
HBAR-USD vs. THETA-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HBAR-USD HederaHashgraph | -26.59% | -60.44% | 212.23% | 135.51% | -87.44% | 812.76% | 211.49% | -97.54% |
THETA-USD THETA | -40.53% | -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 0.62, 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 | 0.62 |
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 0.59 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 | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.82 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.92 | +0.21 |
| Martin ratioReturn relative to average drawdown | -1.01 | -1.31 | +0.29 |
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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 -99.00%. 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% | -99.00% | +1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -73.39% | -85.35% | +11.96% |
Max Drawdown (3Y)Largest decline over 3 years | -79.29% | -95.85% | +16.56% |
Max Drawdown (5Y)Largest decline over 5 years | -92.79% | -98.49% | +5.70% |
Current DrawdownCurrent decline from peak | -84.59% | -98.90% | +14.31% |
Average DrawdownAverage peak-to-trough decline | -74.50% | -71.58% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.63% | 63.67% | -12.04% |
Volatility
HBAR-USD vs. THETA-USD - Volatility Comparison
The current volatility for HederaHashgraph (HBAR-USD) is 16.49%, while THETA (THETA-USD) has a volatility of 20.06%. 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 | 16.49% | 20.06% | -3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 43.31% | 56.96% | -13.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.23% | 74.43% | -9.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.18% | 83.36% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.59% | 104.31% | +4.28% |
Frequently Asked Questions
HBAR-USD and THETA-USD have a correlation of 0.62, 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 (20.06%) compared to HBAR-USD (16.49%). In terms of maximum drawdown, HBAR-USD dropped -97.58% vs THETA-USD's -99.00%.
HBAR-USD currently has the higher Sharpe Ratio (-0.67 vs -0.88), 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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