NEAR-USD vs. LTC-USD
Compare and contrast key facts about NEAR Protocol (NEAR-USD) and Litecoin (LTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEAR-USD or LTC-USD.
Correlation
The correlation between NEAR-USD and LTC-USD is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NEAR-USD vs. LTC-USD - Performance Comparison
Key characteristics
NEAR-USD:
0.06
LTC-USD:
0.80
NEAR-USD:
0.83
LTC-USD:
1.47
NEAR-USD:
1.08
LTC-USD:
1.16
NEAR-USD:
0.01
LTC-USD:
0.27
NEAR-USD:
0.16
LTC-USD:
2.93
NEAR-USD:
35.80%
LTC-USD:
19.42%
NEAR-USD:
94.35%
LTC-USD:
62.60%
NEAR-USD:
-95.13%
LTC-USD:
-97.41%
NEAR-USD:
-73.21%
LTC-USD:
-72.42%
Returns By Period
The year-to-date returns for both stocks are quite close, with NEAR-USD having a 48.62% return and LTC-USD slightly lower at 46.35%.
NEAR-USD
48.62%
-12.36%
1.04%
42.43%
N/A
N/A
LTC-USD
46.35%
7.19%
52.87%
49.68%
21.44%
43.99%
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Risk-Adjusted Performance
NEAR-USD vs. LTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEAR Protocol (NEAR-USD) and Litecoin (LTC-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. LTC-USD - Drawdown Comparison
The maximum NEAR-USD drawdown since its inception was -95.13%, roughly equal to the maximum LTC-USD drawdown of -97.41%. Use the drawdown chart below to compare losses from any high point for NEAR-USD and LTC-USD. For additional features, visit the drawdowns tool.
Volatility
NEAR-USD vs. LTC-USD - Volatility Comparison
The current volatility for NEAR Protocol (NEAR-USD) is 31.96%, while Litecoin (LTC-USD) has a volatility of 37.08%. This indicates that NEAR-USD experiences smaller price fluctuations and is considered to be less risky than LTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.