THETA-USD vs. BTC-USD
THETA-USD (THETA) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, THETA-USD returned -55.63%/yr vs 11.35%/yr for BTC-USD. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
THETA-USD vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, THETA-USD achieves a -42.28% return, which is significantly lower than BTC-USD's -29.97% return.
THETA-USD
- 1D
- -16.21%
- 1M
- -28.32%
- YTD
- -42.28%
- 6M
- -54.07%
- 1Y
- -78.65%
- 3Y*
- -42.50%
- 5Y*
- -55.63%
- 10Y*
- —
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
THETA-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between THETA-USD and BTC-USD is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.58 |
The correlation between THETA-USD and BTC-USD has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.
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Return for Risk
THETA-USD vs. BTC-USD — Risk / Return Rank
THETA-USD
BTC-USD
THETA-USD vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for THETA (THETA-USD) and Bitcoin (BTC-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.
| THETA-USD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.87 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.78 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.39 | +0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| THETA-USD | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | -0.93 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.55 | 0.21 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 1.13 | -1.14 |
Drawdowns
THETA-USD vs. BTC-USD - Drawdown Comparison
The maximum THETA-USD drawdown since its inception was -99.00%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for THETA-USD and BTC-USD.
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Drawdown Indicators
| THETA-USD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.00% | -85.30% | -13.70% |
Max Drawdown (1Y)Largest decline over 1 year | -85.35% | -50.87% | -34.48% |
Max Drawdown (3Y)Largest decline over 3 years | -95.85% | -50.87% | -44.98% |
Max Drawdown (5Y)Largest decline over 5 years | -98.49% | -76.67% | -21.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -98.93% | -50.87% | -48.06% |
Average DrawdownAverage peak-to-trough decline | -71.54% | -42.29% | -29.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 63.10% | 34.02% | +29.08% |
Volatility
THETA-USD vs. BTC-USD - Volatility Comparison
THETA (THETA-USD) has a higher volatility of 26.32% compared to Bitcoin (BTC-USD) at 10.54%. This indicates that THETA-USD's price experiences larger fluctuations and is considered to be riskier than BTC-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 | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.32% | 10.54% | +15.78% |
Volatility (6M)Calculated over the trailing 6-month period | 58.72% | 34.26% | +24.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.57% | 35.65% | +39.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.56% | 44.98% | +38.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.34% | 56.70% | +47.64% |
Frequently Asked Questions
THETA-USD and BTC-USD have a correlation of 0.59, 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 (26.32%) compared to BTC-USD (10.54%). In terms of maximum drawdown, THETA-USD dropped -99.00% vs BTC-USD's -85.30%.
THETA-USD currently has the higher Sharpe Ratio (-0.87 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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