SNX-USD vs. DOT-USD
SNX-USD (SynthetixNetworkToken) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 5 years, SNX-USD returned -53.31%/yr vs -42.29%/yr for DOT-USD. At a 0.23 correlation, their price movements are largely independent.
Performance
SNX-USD vs. DOT-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SNX-USD achieves a -43.41% return, which is significantly higher than DOT-USD's -53.05% return.
SNX-USD
- 1D
- -5.69%
- 1M
- -3.73%
- 6M
- -49.12%
- YTD
- -43.41%
- 1Y
- -64.31%
- 3Y*
- -56.09%
- 5Y*
- -53.31%
- 10Y*
- —
DOT-USD
- 1D
- -0.71%
- 1M
- -14.30%
- 6M
- -59.09%
- YTD
- -53.05%
- 1Y
- -78.97%
- 3Y*
- -46.34%
- 5Y*
- -42.29%
- 10Y*
- —
SNX-USD vs. DOT-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SNX-USD SynthetixNetworkToken | -43.41% | -78.57% | -50.43% | 168.73% | -73.89% | -45.48% |
DOT-USD Polkadot | -53.05% | -73.03% | -22.95% | 96.80% | -84.73% | 19.21% |
Correlation
The correlation between SNX-USD and DOT-USD is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.23 |
Over the past year, SNX-USD and DOT-USD have become more correlated (0.75) than their long-term average of 0.23, meaning their price movements have been converging.
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Return for Risk
SNX-USD vs. DOT-USD — Risk / Return Rank
SNX-USD
DOT-USD
SNX-USD vs. DOT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SynthetixNetworkToken (SNX-USD) and Polkadot (DOT-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.
| SNX-USD | DOT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.80 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.96 | +0.26 |
| Martin ratioReturn relative to average drawdown | -0.91 | -1.40 | +0.49 |
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Drawdowns
SNX-USD vs. DOT-USD - Drawdown Comparison
The maximum SNX-USD drawdown since its inception was -99.26%, roughly equal to the maximum DOT-USD drawdown of -98.50%. Use the drawdown chart below to compare losses from any high point for SNX-USD and DOT-USD.
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Drawdown Indicators
| SNX-USD | DOT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.26% | -98.50% | -0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -91.23% | -82.23% | -9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -96.06% | -93.00% | -3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -98.66% | -98.50% | -0.16% |
Current DrawdownCurrent decline from peak | -99.14% | -98.44% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -73.23% | -81.35% | +8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.74% | 54.49% | +5.25% |
Volatility
SNX-USD vs. DOT-USD - Volatility Comparison
SynthetixNetworkToken (SNX-USD) has a higher volatility of 32.36% compared to Polkadot (DOT-USD) at 13.37%. This indicates that SNX-USD's price experiences larger fluctuations and is considered to be riskier than DOT-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNX-USD | DOT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.36% | 13.37% | +18.99% |
Volatility (6M)Calculated over the trailing 6-month period | 62.42% | 55.69% | +6.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.50% | 70.41% | +47.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.70% | 71.78% | +27.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.23% | 72.36% | +44.87% |
Frequently Asked Questions
SNX-USD and DOT-USD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNX-USD has higher volatility (32.36%) compared to DOT-USD (13.37%). In terms of maximum drawdown, SNX-USD dropped -99.26% vs DOT-USD's -98.50%.
SNX-USD currently has the higher Sharpe Ratio (-0.45 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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