SOL-USD vs. THETA-USD
SOL-USD (Solana) and THETA-USD (THETA) are both cryptocurrencies. Over the past 5 years, SOL-USD returned 23.94%/yr vs -50.05%/yr for THETA-USD. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
SOL-USD vs. THETA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SOL-USD achieves a -37.28% return, which is significantly higher than THETA-USD's -48.52% return.
SOL-USD
- 1D
- 2.27%
- 1M
- 6.73%
- 6M
- -41.47%
- YTD
- -37.28%
- 1Y
- -57.00%
- 3Y*
- 45.16%
- 5Y*
- 23.94%
- 10Y*
- —
- ALL TIME*
- 106.21%
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%
SOL-USD vs. THETA-USD - Yearly Performance Comparison
Correlation
The correlation between SOL-USD and THETA-USD is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.55 |
The correlation between SOL-USD and THETA-USD has been stable across timeframes, ranging from 0.55 to 0.65 - a consistent structural relationship.
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Return for Risk
SOL-USD vs. THETA-USD — Risk / Return Rank
SOL-USD
THETA-USD
SOL-USD vs. THETA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-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.
| SOL-USD | THETA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.75 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.99 | +0.23 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.29 | +0.19 |
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Drawdowns
SOL-USD vs. THETA-USD - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, roughly equal to the maximum THETA-USD drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for SOL-USD and THETA-USD.
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Drawdown Indicators
| SOL-USD | THETA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.27% | -99.11% | +2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -74.89% | -87.02% | +12.13% |
Max Drawdown (3Y)Largest decline over 3 years | -76.28% | -96.33% | +20.05% |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | -98.62% | +2.35% |
Current DrawdownCurrent decline from peak | -70.20% | -99.05% | +28.85% |
Average DrawdownAverage peak-to-trough decline | -51.74% | -71.91% | +20.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.56% | 52.90% | -13.34% |
Volatility
SOL-USD vs. THETA-USD - Volatility Comparison
The current volatility for Solana (SOL-USD) is 13.99%, while THETA (THETA-USD) has a volatility of 16.72%. This indicates that SOL-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
| SOL-USD | THETA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.99% | 16.72% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 47.47% | 52.58% | -5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.38% | 72.48% | -13.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.14% | 82.33% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.16% | 103.80% | -4.64% |
Frequently Asked Questions
SOL-USD and THETA-USD have a correlation of 0.61, 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 SOL-USD (13.99%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs THETA-USD's -99.11%.
SOL-USD currently has the higher Sharpe Ratio (-0.80 vs -0.99), 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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