SNX-USD vs. SHIB-USD
SNX-USD (SynthetixNetworkToken) and SHIB-USD (Shiba Inu) are both cryptocurrencies. Over the past 5 years, SNX-USD returned -52.93%/yr vs -4.13%/yr for SHIB-USD. Their 0.62 correlation means they have sometimes moved together and sometimes differently.
Performance
SNX-USD vs. SHIB-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SNX-USD achieves a -49.02% return, which is significantly lower than SHIB-USD's -29.46% return.
SNX-USD
- 1D
- -0.95%
- 1M
- -17.06%
- 6M
- -37.80%
- YTD
- -49.02%
- 1Y
- -62.48%
- 3Y*
- -55.68%
- 5Y*
- -52.93%
- 10Y*
- —
- ALL TIME*
- -8.83%
SHIB-USD
- 1D
- 0.83%
- 1M
- 9.46%
- 6M
- -26.48%
- YTD
- -29.46%
- 1Y
- -58.92%
- 3Y*
- -16.27%
- 5Y*
- -4.13%
- 10Y*
- —
- ALL TIME*
- 34.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
SHIB-USD Shiba Inu | $820.08 | $513.48 | $526.40 |
SNX-USD SynthetixNetworkToken | $3.26M | $2.89M | $2.85M |
SNX-USD vs. SHIB-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SNX-USD SynthetixNetworkToken | -49.02% | -78.57% | -50.43% | 168.73% | -73.89% | -75.04% |
SHIB-USD Shiba Inu | -29.46% | -67.39% | 104.35% | 28.13% | -75.84% | 3,240.00% |
Correlation
The correlation between SNX-USD and SHIB-USD is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.62 |
The correlation between SNX-USD and SHIB-USD has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
SNX-USD vs. SHIB-USD — Risk / Return Rank
SNX-USD
SHIB-USD
SNX-USD vs. SHIB-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SynthetixNetworkToken (SNX-USD) and Shiba Inu (SHIB-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 | SHIB-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.87 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.83 | +0.14 |
| Martin ratioReturn relative to average drawdown | -0.85 | -1.20 | +0.35 |
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Drawdowns
SNX-USD vs. SHIB-USD - Drawdown Comparison
The maximum SNX-USD drawdown since its inception was -99.26%, roughly equal to the maximum SHIB-USD drawdown of -94.93%. Use the drawdown chart below to compare losses from any high point for SNX-USD and SHIB-USD.
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Drawdown Indicators
| SNX-USD | SHIB-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.26% | -94.93% | -4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -91.23% | -71.24% | -19.99% |
Max Drawdown (3Y)Largest decline over 3 years | -96.06% | -88.58% | -7.48% |
Max Drawdown (5Y)Largest decline over 5 years | -98.66% | -94.93% | -3.73% |
Current DrawdownCurrent decline from peak | -99.23% | -94.01% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -73.40% | -80.51% | +7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.73% | 35.93% | +9.80% |
Volatility
SNX-USD vs. SHIB-USD - Volatility Comparison
The current volatility for SynthetixNetworkToken (SNX-USD) is 20.08%, while Shiba Inu (SHIB-USD) has a volatility of 22.23%. This indicates that SNX-USD experiences smaller price fluctuations and is considered to be less risky than SHIB-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 | SHIB-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.08% | 22.23% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 59.49% | 44.59% | +14.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.19% | 55.98% | +61.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.30% | 93.23% | +6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.91% | 206.28% | -89.37% |
Frequently Asked Questions
SNX-USD and SHIB-USD have a correlation of 0.71, 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 (22.23%) compared to SNX-USD (20.08%). In terms of maximum drawdown, SNX-USD dropped -99.26% vs SHIB-USD's -94.93%.
SNX-USD currently has the higher Sharpe Ratio (-0.44 vs -0.87), 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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