SOL-USD vs. THETA-USD
SOL-USD (Solana) and THETA-USD (THETA) are both cryptocurrencies. Over the past 5 years, SOL-USD returned 11.54%/yr vs -55.29%/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 -46.20% return, which is significantly lower than THETA-USD's -40.53% return.
SOL-USD
- 1D
- 0.15%
- 1M
- -26.54%
- YTD
- -46.20%
- 6M
- -49.40%
- 1Y
- -56.07%
- 3Y*
- 64.54%
- 5Y*
- 11.54%
- 10Y*
- —
THETA-USD
- 1D
- 4.86%
- 1M
- -29.74%
- YTD
- -40.53%
- 6M
- -54.31%
- 1Y
- -78.88%
- 3Y*
- -37.48%
- 5Y*
- -55.29%
- 10Y*
- —
SOL-USD vs. THETA-USD - Yearly Performance Comparison
Correlation
The correlation between SOL-USD and THETA-USD is 0.63, 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 | 0.63 |
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 shifts across timeframes, from 0.55 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.
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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 | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.82 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.92 | +0.18 |
| Martin ratioReturn relative to average drawdown | -1.21 | -1.31 | +0.10 |
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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 -99.00%. 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% | -99.00% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -74.89% | -85.35% | +10.46% |
Max Drawdown (3Y)Largest decline over 3 years | -76.28% | -95.85% | +19.57% |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | -98.49% | +2.22% |
Current DrawdownCurrent decline from peak | -74.45% | -98.90% | +24.45% |
Average DrawdownAverage peak-to-trough decline | -51.41% | -71.58% | +20.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.87% | 63.67% | -10.80% |
Volatility
SOL-USD vs. THETA-USD - Volatility Comparison
The current volatility for Solana (SOL-USD) is 17.43%, while THETA (THETA-USD) has a volatility of 20.06%. 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 | 17.43% | 20.06% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 46.84% | 56.96% | -10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.20% | 74.43% | -14.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.38% | 83.36% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.84% | 104.31% | -4.47% |
Frequently Asked Questions
SOL-USD and THETA-USD have a correlation of 0.63, 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 (20.06%) compared to SOL-USD (17.43%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs THETA-USD's -99.00%.
SOL-USD currently has the higher Sharpe Ratio (-0.78 vs -0.88), 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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