PLNUSD=X vs. ETH-USD
PLNUSD=X (PLN/USD) is a currency, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, PLNUSD=X returned 0.74%/yr vs 60.12%/yr for ETH-USD. At a 0.12 correlation, their price movements are largely independent.
Performance
PLNUSD=X vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, PLNUSD=X achieves a -4.67% return, which is significantly higher than ETH-USD's -47.34% return. Over the past 10 years, PLNUSD=X has underperformed ETH-USD with an annualized return of 0.74%, while ETH-USD has yielded a comparatively higher 60.12% annualized return.
PLNUSD=X
- 1D
- 0.22%
- 1M
- -3.34%
- YTD
- -4.67%
- 6M
- -5.04%
- 1Y
- -3.18%
- 3Y*
- 2.64%
- 5Y*
- 0.09%
- 10Y*
- 0.74%
ETH-USD
- 1D
- -3.54%
- 1M
- -24.55%
- YTD
- -47.34%
- 6M
- -46.17%
- 1Y
- -35.44%
- 3Y*
- -5.63%
- 5Y*
- -3.10%
- 10Y*
- 60.12%
PLNUSD=X vs. ETH-USD - Yearly Performance Comparison
Correlation
The correlation between PLNUSD=X and ETH-USD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.12 |
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Return for Risk
PLNUSD=X vs. ETH-USD — Risk / Return Rank
PLNUSD=X
ETH-USD
PLNUSD=X vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PLN/USD (PLNUSD=X) and Ethereum (ETH-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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PLNUSD=X | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.95 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | -0.52 | +0.18 |
| Martin ratioReturn relative to average drawdown | -0.84 | -0.87 | +0.03 |
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Drawdowns
PLNUSD=X vs. ETH-USD - Drawdown Comparison
The maximum PLNUSD=X drawdown since its inception was -59.63%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for PLNUSD=X and ETH-USD.
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Drawdown Indicators
| PLNUSD=X | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.63% | -94.01% | +34.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -67.66% | +60.08% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -67.66% | +57.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.59% | -79.35% | +54.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | -94.01% | +60.41% |
Current DrawdownCurrent decline from peak | -46.35% | -67.66% | +21.31% |
Average DrawdownAverage peak-to-trough decline | -40.79% | -50.93% | +10.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 41.50% | -38.17% |
Volatility
PLNUSD=X vs. ETH-USD - Volatility Comparison
The current volatility for PLN/USD (PLNUSD=X) is 2.19%, while Ethereum (ETH-USD) has a volatility of 18.39%. This indicates that PLNUSD=X experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLNUSD=X | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 18.39% | -16.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 46.39% | -40.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.61% | 55.72% | -48.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.49% | 59.09% | -48.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.95% | 77.04% | -67.09% |
Frequently Asked Questions
PLNUSD=X and ETH-USD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (18.39%) compared to PLNUSD=X (2.19%). In terms of maximum drawdown, PLNUSD=X dropped -59.63% vs ETH-USD's -94.01%.
PLNUSD=X currently has the higher Sharpe Ratio (-0.34 vs -0.53), 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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