NEAR-USD vs. MATIC-USD
Compare and contrast key facts about NEAR Protocol (NEAR-USD) and Polygon USD (MATIC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEAR-USD or MATIC-USD.
Correlation
The correlation between NEAR-USD and MATIC-USD is 0.31, 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. MATIC-USD - Performance Comparison
Key characteristics
Returns By Period
NEAR-USD
-49.62%
-18.41%
-47.61%
-64.09%
N/A
N/A
MATIC-USD
N/A
N/A
N/A
N/A
N/A
N/A
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Risk-Adjusted Performance
NEAR-USD vs. MATIC-USD — Risk-Adjusted Performance Rank
NEAR-USD
MATIC-USD
NEAR-USD vs. MATIC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEAR Protocol (NEAR-USD) and Polygon USD (MATIC-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. MATIC-USD - Drawdown Comparison
Volatility
NEAR-USD vs. MATIC-USD - Volatility Comparison
NEAR Protocol (NEAR-USD) has a higher volatility of 29.98% compared to Polygon USD (MATIC-USD) at 0.00%. This indicates that NEAR-USD's price experiences larger fluctuations and is considered to be riskier than MATIC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.