THETA-USD vs. BTC-USD
THETA-USD (THETA) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, THETA-USD returned -53.81%/yr vs 12.04%/yr for BTC-USD. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
THETA-USD vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, THETA-USD achieves a -50.16% return, which is significantly lower than BTC-USD's -31.78% return.
THETA-USD
- 1D
- 3.46%
- 1M
- -26.41%
- YTD
- -50.16%
- 6M
- -50.16%
- 1Y
- -79.83%
- 3Y*
- -44.31%
- 5Y*
- -53.81%
- 10Y*
- —
BTC-USD
- 1D
- 2.00%
- 1M
- -16.29%
- YTD
- -31.78%
- 6M
- -31.78%
- 1Y
- -43.53%
- 3Y*
- 24.93%
- 5Y*
- 12.04%
- 10Y*
- 56.82%
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 17, 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.85 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.82 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.39 | +0.13 |
Loading charts...
Drawdowns
THETA-USD vs. BTC-USD - Drawdown Comparison
The maximum THETA-USD drawdown since its inception was -99.11%, 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.
Loading charts...
Drawdown Indicators
| THETA-USD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.11% | -85.30% | -13.81% |
Max Drawdown (1Y)Largest decline over 1 year | -87.02% | -53.08% | -33.94% |
Max Drawdown (3Y)Largest decline over 3 years | -96.33% | -53.08% | -43.25% |
Max Drawdown (5Y)Largest decline over 5 years | -98.62% | -76.67% | -21.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -99.08% | -52.14% | -46.94% |
Average DrawdownAverage peak-to-trough decline | -71.74% | -42.47% | -29.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.04% | 32.43% | +25.61% |
Volatility
THETA-USD vs. BTC-USD - Volatility Comparison
THETA (THETA-USD) has a higher volatility of 19.21% compared to Bitcoin (BTC-USD) at 12.69%. 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.
Loading charts...
Volatility by Period
| THETA-USD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.21% | 12.69% | +6.52% |
Volatility (6M)Calculated over the trailing 6-month period | 55.34% | 34.87% | +20.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.94% | 35.71% | +37.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.55% | 44.01% | +38.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.05% | 56.37% | +47.68% |
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 (19.21%) compared to BTC-USD (12.69%). In terms of maximum drawdown, THETA-USD dropped -99.11% vs BTC-USD's -85.30%.
THETA-USD currently has the higher Sharpe Ratio (-0.91 vs -1.01), 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.
Find the right allocation for THETA-USD and BTC-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer