NEAR-USD vs. BTC-USD
Compare and contrast key facts about NEAR Protocol (NEAR-USD) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEAR-USD or BTC-USD.
Correlation
The correlation between NEAR-USD and BTC-USD is 0.36, 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.
Performance
NEAR-USD vs. BTC-USD - Performance Comparison
Key characteristics
NEAR-USD:
-0.50
BTC-USD:
2.03
NEAR-USD:
-0.26
BTC-USD:
2.63
NEAR-USD:
0.98
BTC-USD:
1.27
NEAR-USD:
0.00
BTC-USD:
1.83
NEAR-USD:
-1.16
BTC-USD:
9.11
NEAR-USD:
41.89%
BTC-USD:
11.34%
NEAR-USD:
81.65%
BTC-USD:
42.81%
NEAR-USD:
-95.13%
BTC-USD:
-93.07%
NEAR-USD:
-87.47%
BTC-USD:
-11.50%
Returns By Period
In the year-to-date period, NEAR-USD achieves a -48.20% return, which is significantly lower than BTC-USD's 0.55% return.
NEAR-USD
-48.20%
-14.94%
-39.09%
-64.43%
N/A
N/A
BTC-USD
0.55%
8.10%
40.97%
45.69%
65.05%
82.80%
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Risk-Adjusted Performance
NEAR-USD vs. BTC-USD — Risk-Adjusted Performance Rank
NEAR-USD
BTC-USD
NEAR-USD vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEAR Protocol (NEAR-USD) and Bitcoin (BTC-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.
Drawdowns
NEAR-USD vs. BTC-USD - Drawdown Comparison
The maximum NEAR-USD drawdown since its inception was -95.13%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for NEAR-USD and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
NEAR-USD vs. BTC-USD - Volatility Comparison
NEAR Protocol (NEAR-USD) has a higher volatility of 29.85% compared to Bitcoin (BTC-USD) at 16.26%. This indicates that NEAR-USD's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.