SHIB-USD vs. ETH-USD
SHIB-USD (Shiba Inu) and ETH-USD (Ethereum) are both cryptocurrencies. Over the past 5 years, SHIB-USD returned -9.97%/yr vs -0.55%/yr for ETH-USD. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
SHIB-USD vs. ETH-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SHIB-USD having a -39.91% return and ETH-USD slightly higher at -37.99%.
SHIB-USD
- 1D
- 0.73%
- 1M
- -16.36%
- 6M
- -51.58%
- YTD
- -39.91%
- 1Y
- -71.39%
- 3Y*
- -18.76%
- 5Y*
- -9.97%
- 10Y*
- —
ETH-USD
- 1D
- -1.26%
- 1M
- 5.18%
- 6M
- -44.17%
- YTD
- -37.99%
- 1Y
- -47.13%
- 3Y*
- -1.03%
- 5Y*
- -0.55%
- 10Y*
- 65.76%
SHIB-USD vs. ETH-USD - Yearly Performance Comparison
Correlation
The correlation between SHIB-USD and ETH-USD is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.70 |
The correlation between SHIB-USD and ETH-USD has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.
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Return for Risk
SHIB-USD vs. ETH-USD — Risk / Return Rank
SHIB-USD
ETH-USD
SHIB-USD vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shiba Inu (SHIB-USD) 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.
| SHIB-USD | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.91 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.70 | -0.27 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.07 | -0.33 |
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Drawdowns
SHIB-USD vs. ETH-USD - Drawdown Comparison
The maximum SHIB-USD drawdown since its inception was -94.93%, roughly equal to the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for SHIB-USD and ETH-USD.
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Drawdown Indicators
| SHIB-USD | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.93% | -94.01% | -0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -73.52% | -67.60% | -5.92% |
Max Drawdown (3Y)Largest decline over 3 years | -88.58% | -67.60% | -20.98% |
Max Drawdown (5Y)Largest decline over 5 years | -94.93% | -79.35% | -15.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -94.89% | -61.92% | -32.97% |
Average DrawdownAverage peak-to-trough decline | -80.39% | -51.01% | -29.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.76% | 36.94% | +1.82% |
Volatility
SHIB-USD vs. ETH-USD - Volatility Comparison
The current volatility for Shiba Inu (SHIB-USD) is 10.09%, while Ethereum (ETH-USD) has a volatility of 13.59%. This indicates that SHIB-USD 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
| SHIB-USD | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | 13.59% | -3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 41.09% | 46.66% | -5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.11% | 55.03% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.38% | 58.72% | +34.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 206.99% | 76.80% | +130.19% |
Frequently Asked Questions
SHIB-USD and ETH-USD have a correlation of 0.80, 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 (13.59%) compared to SHIB-USD (10.09%). In terms of maximum drawdown, SHIB-USD dropped -94.93% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.71 vs -1.10), 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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