THETA-USD vs. AVAX-USD
THETA-USD (THETA) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 5 years, THETA-USD returned -53.57%/yr vs -13.80%/yr for AVAX-USD. Their 0.62 correlation means they have sometimes moved together and sometimes differently.
Performance
THETA-USD vs. AVAX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, THETA-USD achieves a -52.30% return, which is significantly lower than AVAX-USD's -49.67% return.
THETA-USD
- 1D
- 0.83%
- 1M
- -7.06%
- 6M
- -42.77%
- YTD
- -52.30%
- 1Y
- -83.28%
- 3Y*
- -45.06%
- 5Y*
- -53.57%
- 10Y*
- —
- ALL TIME*
- -2.34%
AVAX-USD
- 1D
- -2.83%
- 1M
- -8.84%
- 6M
- -38.77%
- YTD
- -49.67%
- 1Y
- -71.24%
- 3Y*
- -20.97%
- 5Y*
- -13.80%
- 10Y*
- —
- ALL TIME*
- 4.98%
Liquidity Comparison
THETA-USD vs. AVAX-USD - Yearly Performance Comparison
Correlation
The correlation between THETA-USD and AVAX-USD is 0.63, 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. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.62 |
The correlation between THETA-USD and AVAX-USD has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
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Return for Risk
THETA-USD vs. AVAX-USD — Risk / Return Rank
THETA-USD
AVAX-USD
THETA-USD vs. AVAX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for THETA (THETA-USD) and Avalanche (AVAX-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.
| THETA-USD | AVAX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.84 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | -0.86 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.25 | -1.13 | -0.12 |
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Drawdowns
THETA-USD vs. AVAX-USD - Drawdown Comparison
The maximum THETA-USD drawdown since its inception was -99.14%, roughly equal to the maximum AVAX-USD drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for THETA-USD and AVAX-USD.
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Drawdown Indicators
| THETA-USD | AVAX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.14% | -95.65% | -3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -86.55% | -83.27% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -96.44% | -90.29% | -6.15% |
Max Drawdown (5Y)Largest decline over 5 years | -98.66% | -95.65% | -3.01% |
Current DrawdownCurrent decline from peak | -99.12% | -95.42% | -3.70% |
Average DrawdownAverage peak-to-trough decline | -72.02% | -70.76% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.14% | 39.02% | +7.12% |
Volatility
THETA-USD vs. AVAX-USD - Volatility Comparison
THETA (THETA-USD) has a higher volatility of 15.45% compared to Avalanche (AVAX-USD) at 14.70%. This indicates that THETA-USD's price experiences larger fluctuations and is considered to be riskier than AVAX-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THETA-USD | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.45% | 14.70% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 51.28% | 45.91% | +5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.62% | 64.56% | +7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.64% | 83.49% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.63% | 95.94% | +7.69% |
Frequently Asked Questions
THETA-USD and AVAX-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 (15.45%) compared to AVAX-USD (14.70%). In terms of maximum drawdown, THETA-USD dropped -99.14% vs AVAX-USD's -95.65%.
AVAX-USD currently has the higher Sharpe Ratio (-0.92 vs -0.97), 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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