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NEAR-USD vs. LTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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.


-0.50.00.51.00.6

Performance

NEAR-USD vs. LTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEAR Protocol (NEAR-USD) and Litecoin (LTC-USD). The values are adjusted to include any dividend payments, if applicable.

-40.00%-20.00%0.00%20.00%40.00%60.00%80.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
1.04%
52.88%
NEAR-USD
LTC-USD

Key characteristics

Sharpe Ratio

NEAR-USD:

0.06

LTC-USD:

0.80

Sortino Ratio

NEAR-USD:

0.83

LTC-USD:

1.47

Omega Ratio

NEAR-USD:

1.08

LTC-USD:

1.16

Calmar Ratio

NEAR-USD:

0.01

LTC-USD:

0.27

Martin Ratio

NEAR-USD:

0.16

LTC-USD:

2.93

Ulcer Index

NEAR-USD:

35.80%

LTC-USD:

19.42%

Daily Std Dev

NEAR-USD:

94.35%

LTC-USD:

62.60%

Max Drawdown

NEAR-USD:

-95.13%

LTC-USD:

-97.41%

Current Drawdown

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

YTD

48.62%

1M

-12.36%

6M

1.04%

1Y

42.43%

5Y*

N/A

10Y*

N/A

LTC-USD

YTD

46.35%

1M

7.19%

6M

52.87%

1Y

49.68%

5Y*

21.44%

10Y*

43.99%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


Sharpe ratio
The chart of Sharpe ratio for NEAR-USD, currently valued at 0.06, compared to the broader market0.002.004.006.000.060.80
The chart of Sortino ratio for NEAR-USD, currently valued at 0.83, compared to the broader market-1.000.001.002.003.004.005.000.831.47
The chart of Omega ratio for NEAR-USD, currently valued at 1.07, compared to the broader market1.001.201.401.081.16
The chart of Calmar ratio for NEAR-USD, currently valued at 0.01, compared to the broader market1.002.003.004.005.006.000.010.27
The chart of Martin ratio for NEAR-USD, currently valued at 0.16, compared to the broader market0.0010.0020.0030.0040.0050.0060.000.162.93
NEAR-USD
LTC-USD

The current NEAR-USD Sharpe Ratio is 0.06, which is lower than the LTC-USD Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of NEAR-USD and LTC-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.


Rolling 12-month Sharpe Ratio0.002.004.006.008.00JulyAugustSeptemberOctoberNovemberDecember
0.06
0.80
NEAR-USD
LTC-USD

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.


-85.00%-80.00%-75.00%-70.00%-65.00%-60.00%JulyAugustSeptemberOctoberNovemberDecember
-73.21%
-72.42%
NEAR-USD
LTC-USD

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.


10.00%15.00%20.00%25.00%30.00%35.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
31.96%
37.08%
NEAR-USD
LTC-USD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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