SHIB-USD vs. THETA-USD
SHIB-USD (Shiba Inu) and THETA-USD (THETA) are both cryptocurrencies. Over the past 5 years, SHIB-USD returned -9.50%/yr vs -50.05%/yr for THETA-USD. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
SHIB-USD vs. THETA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SHIB-USD achieves a -38.32% return, which is significantly higher than THETA-USD's -48.52% return.
SHIB-USD
- 1D
- 2.66%
- 1M
- -10.34%
- 6M
- -47.72%
- YTD
- -38.32%
- 1Y
- -72.62%
- 3Y*
- -18.46%
- 5Y*
- -9.50%
- 10Y*
- —
- ALL TIME*
- 31.67%
THETA-USD
- 1D
- -0.12%
- 1M
- -13.81%
- 6M
- -53.79%
- YTD
- -48.52%
- 1Y
- -85.89%
- 3Y*
- -44.83%
- 5Y*
- -50.05%
- 10Y*
- —
- ALL TIME*
- -1.47%
SHIB-USD vs. THETA-USD - Yearly Performance Comparison
Correlation
The correlation between SHIB-USD and THETA-USD is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.65 |
The correlation between SHIB-USD and THETA-USD has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.
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Return for Risk
SHIB-USD vs. THETA-USD — Risk / Return Rank
SHIB-USD
THETA-USD
SHIB-USD vs. THETA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shiba Inu (SHIB-USD) and THETA (THETA-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 | THETA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.75 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.99 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.29 | -0.13 |
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Drawdowns
SHIB-USD vs. THETA-USD - Drawdown Comparison
The maximum SHIB-USD drawdown since its inception was -94.93%, roughly equal to the maximum THETA-USD drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for SHIB-USD and THETA-USD.
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Drawdown Indicators
| SHIB-USD | THETA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.93% | -99.11% | +4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -73.47% | -87.02% | +13.55% |
Max Drawdown (3Y)Largest decline over 3 years | -88.58% | -96.33% | +7.75% |
Max Drawdown (5Y)Largest decline over 5 years | -94.93% | -98.62% | +3.69% |
Current DrawdownCurrent decline from peak | -94.76% | -99.05% | +4.29% |
Average DrawdownAverage peak-to-trough decline | -80.41% | -71.91% | -8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.47% | 52.90% | -16.43% |
Volatility
SHIB-USD vs. THETA-USD - Volatility Comparison
The current volatility for Shiba Inu (SHIB-USD) is 10.00%, while THETA (THETA-USD) has a volatility of 16.72%. This indicates that SHIB-USD experiences smaller price fluctuations and is considered to be less risky than THETA-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 | THETA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.00% | 16.72% | -6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 40.98% | 52.58% | -11.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.12% | 72.48% | -18.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.23% | 82.33% | +10.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 206.83% | 103.80% | +103.03% |
Frequently Asked Questions
SHIB-USD and THETA-USD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THETA-USD has higher volatility (16.72%) compared to SHIB-USD (10.00%). In terms of maximum drawdown, SHIB-USD dropped -94.93% vs THETA-USD's -99.11%.
THETA-USD currently has the higher Sharpe Ratio (-0.99 vs -1.12), 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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