THETA-USD vs. DOT-USD
THETA-USD (THETA) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 3 years, THETA-USD returned -42.50%/yr vs -42.43%/yr for DOT-USD. At a 0.19 correlation, their price movements are largely independent.
Performance
THETA-USD vs. DOT-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 higher than DOT-USD's -46.41% 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*
- —
DOT-USD
- 1D
- -7.65%
- 1M
- -27.34%
- YTD
- -46.41%
- 6M
- -54.95%
- 1Y
- -74.90%
- 3Y*
- -42.43%
- 5Y*
- —
- 10Y*
- —
THETA-USD vs. DOT-USD - Yearly Performance Comparison
Correlation
The correlation between THETA-USD and DOT-USD is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2021 | 0.19 |
Over the past year, THETA-USD and DOT-USD have become more correlated (0.67) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
THETA-USD vs. DOT-USD — Risk / Return Rank
THETA-USD
DOT-USD
THETA-USD vs. DOT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for THETA (THETA-USD) and Polkadot (DOT-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 | DOT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.83 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.95 | +0.03 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.49 | +0.17 |
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 | DOT-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | -0.87 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | -0.54 | +0.52 |
Drawdowns
THETA-USD vs. DOT-USD - Drawdown Comparison
The maximum THETA-USD drawdown since its inception was -99.00%, roughly equal to the maximum DOT-USD drawdown of -98.22%. Use the drawdown chart below to compare losses from any high point for THETA-USD and DOT-USD.
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Drawdown Indicators
| THETA-USD | DOT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.00% | -98.22% | -0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -85.35% | -78.97% | -6.38% |
Max Drawdown (3Y)Largest decline over 3 years | -95.85% | -91.72% | -4.13% |
Max Drawdown (5Y)Largest decline over 5 years | -98.49% | — | — |
Current DrawdownCurrent decline from peak | -98.93% | -98.22% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -71.54% | -80.94% | +9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 63.10% | 58.60% | +4.50% |
Volatility
THETA-USD vs. DOT-USD - Volatility Comparison
THETA (THETA-USD) has a higher volatility of 26.32% compared to Polkadot (DOT-USD) at 16.71%. This indicates that THETA-USD's price experiences larger fluctuations and is considered to be riskier than DOT-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 | DOT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.32% | 16.71% | +9.61% |
Volatility (6M)Calculated over the trailing 6-month period | 58.72% | 58.60% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.57% | 71.61% | +3.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.56% | 72.88% | +10.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.34% | 72.88% | +31.46% |
Frequently Asked Questions
THETA-USD and DOT-USD have a correlation of 0.67, 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 DOT-USD (16.71%). In terms of maximum drawdown, THETA-USD dropped -99.00% vs DOT-USD's -98.22%.
THETA-USD currently has the higher Sharpe Ratio (-0.87 vs -0.87), 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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