SHIB-USD vs. TRX-USD
SHIB-USD (Shiba Inu) and TRX-USD (Tronix) are both cryptocurrencies. Over the past 5 years, SHIB-USD returned -7.82%/yr vs 34.02%/yr for TRX-USD. At a 0.45 correlation, their price movements are largely independent.
Performance
SHIB-USD vs. TRX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SHIB-USD achieves a -32.37% return, which is significantly lower than TRX-USD's 14.63% return.
SHIB-USD
- 1D
- -1.27%
- 1M
- -26.84%
- YTD
- -32.37%
- 6M
- -45.69%
- 1Y
- -62.72%
- 3Y*
- -16.06%
- 5Y*
- -7.82%
- 10Y*
- —
TRX-USD
- 1D
- -0.32%
- 1M
- -7.01%
- YTD
- 14.63%
- 6M
- 15.78%
- 1Y
- 15.52%
- 3Y*
- 65.45%
- 5Y*
- 34.02%
- 10Y*
- —
SHIB-USD vs. TRX-USD - Yearly Performance Comparison
Correlation
The correlation between SHIB-USD and TRX-USD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.45 |
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Return for Risk
SHIB-USD vs. TRX-USD — Risk / Return Rank
SHIB-USD
TRX-USD
SHIB-USD vs. TRX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shiba Inu (SHIB-USD) and Tronix (TRX-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.
| SHIB-USD | TRX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.10 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 0.58 | -1.47 |
| Martin ratioReturn relative to average drawdown | -1.39 | 1.03 | -2.42 |
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
| SHIB-USD | TRX-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 0.53 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.48 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.60 | -0.46 |
Drawdowns
SHIB-USD vs. TRX-USD - Drawdown Comparison
The maximum SHIB-USD drawdown since its inception was -94.38%, roughly equal to the maximum TRX-USD drawdown of -95.89%. Use the drawdown chart below to compare losses from any high point for SHIB-USD and TRX-USD.
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Drawdown Indicators
| SHIB-USD | TRX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.38% | -95.89% | +1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -70.62% | -26.58% | -44.04% |
Max Drawdown (3Y)Largest decline over 3 years | -87.33% | -50.98% | -36.35% |
Max Drawdown (5Y)Largest decline over 5 years | -94.38% | -59.60% | -34.78% |
Current DrawdownCurrent decline from peak | -94.25% | -24.78% | -69.47% |
Average DrawdownAverage peak-to-trough decline | -80.14% | -62.54% | -17.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.51% | 13.66% | +30.85% |
Volatility
SHIB-USD vs. TRX-USD - Volatility Comparison
Shiba Inu (SHIB-USD) has a higher volatility of 14.65% compared to Tronix (TRX-USD) at 8.62%. This indicates that SHIB-USD's price experiences larger fluctuations and is considered to be riskier than TRX-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 | TRX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.65% | 8.62% | +6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 45.88% | 18.03% | +27.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.90% | 24.31% | +31.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.58% | 58.52% | +37.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 209.13% | 110.30% | +98.83% |
Frequently Asked Questions
SHIB-USD and TRX-USD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHIB-USD has higher volatility (14.65%) compared to TRX-USD (8.62%). In terms of maximum drawdown, SHIB-USD dropped -94.38% vs TRX-USD's -95.89%.
TRX-USD currently has the higher Sharpe Ratio (0.53 vs -0.93), 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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