NEAR-USD vs. USDT-USD
NEAR-USD (NEAR Protocol) and USDT-USD (Tether) are both cryptocurrencies. Over the past 5 years, NEAR-USD returned -8.45%/yr vs -0.02%/yr for USDT-USD. At a 0.14 correlation, their price movements are largely independent.
Performance
NEAR-USD vs. USDT-USD - Performance Comparison
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Returns By Period
In the year-to-date period, NEAR-USD achieves a 37.19% return, which is significantly higher than USDT-USD's 0.10% return.
NEAR-USD
- 1D
- 0.68%
- 1M
- 32.21%
- YTD
- 37.19%
- 6M
- 18.80%
- 1Y
- -14.37%
- 3Y*
- 14.33%
- 5Y*
- -8.45%
- 10Y*
- —
USDT-USD
- 1D
- -0.00%
- 1M
- -0.02%
- YTD
- 0.10%
- 6M
- -0.05%
- 1Y
- -0.09%
- 3Y*
- -0.01%
- 5Y*
- -0.02%
- 10Y*
- —
NEAR-USD vs. USDT-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NEAR-USD NEAR Protocol | 37.19% | -69.13% | 34.16% | 191.37% | -91.43% | 947.53% | -17.72% |
USDT-USD Tether | 0.10% | 0.07% | -0.18% | 0.03% | -0.07% | -0.05% | -0.05% |
Correlation
The correlation between NEAR-USD and USDT-USD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020 | 0.14 |
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Return for Risk
NEAR-USD vs. USDT-USD — Risk / Return Rank
NEAR-USD
USDT-USD
NEAR-USD vs. USDT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEAR Protocol (NEAR-USD) and Tether (USDT-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.
| NEAR-USD | USDT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.97 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | -0.23 | +0.02 |
| Martin ratioReturn relative to average drawdown | -0.35 | -0.49 | +0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NEAR-USD | USDT-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | -0.18 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | -0.03 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.00 | +0.08 |
Drawdowns
NEAR-USD vs. USDT-USD - Drawdown Comparison
The maximum NEAR-USD drawdown since its inception was -95.24%, which is greater than USDT-USD's maximum drawdown of -10.32%. Use the drawdown chart below to compare losses from any high point for NEAR-USD and USDT-USD.
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Drawdown Indicators
| NEAR-USD | USDT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.24% | -10.32% | -84.92% |
Max Drawdown (1Y)Largest decline over 1 year | -69.74% | -0.39% | -69.35% |
Max Drawdown (3Y)Largest decline over 3 years | -89.15% | -0.42% | -88.73% |
Max Drawdown (5Y)Largest decline over 5 years | -95.24% | -0.99% | -94.25% |
Current DrawdownCurrent decline from peak | -89.74% | -7.26% | -82.48% |
Average DrawdownAverage peak-to-trough decline | -69.37% | -6.93% | -62.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.71% | 0.21% | +47.50% |
Volatility
NEAR-USD vs. USDT-USD - Volatility Comparison
NEAR Protocol (NEAR-USD) has a higher volatility of 45.48% compared to Tether (USDT-USD) at 0.13%. This indicates that NEAR-USD's price experiences larger fluctuations and is considered to be riskier than USDT-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAR-USD | USDT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 45.48% | 0.13% | +45.35% |
Volatility (6M)Calculated over the trailing 6-month period | 70.64% | 0.35% | +70.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 84.01% | 0.40% | +83.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.79% | 0.55% | +95.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.53% | 6.78% | +95.75% |
Frequently Asked Questions
NEAR-USD and USDT-USD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEAR-USD has higher volatility (45.48%) compared to USDT-USD (0.13%). In terms of maximum drawdown, NEAR-USD dropped -95.24% vs USDT-USD's -10.32%.
NEAR-USD currently has the higher Sharpe Ratio (-0.14 vs -0.18), 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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