THETA-USD vs. DOT-USD
THETA-USD (THETA) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 5 years, THETA-USD returned -53.81%/yr vs -44.35%/yr for DOT-USD. At a 0.20 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 -50.16% return, which is significantly higher than DOT-USD's -53.61% 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*
- —
DOT-USD
- 1D
- 0.97%
- 1M
- -28.35%
- YTD
- -53.61%
- 6M
- -53.61%
- 1Y
- -74.73%
- 3Y*
- -46.55%
- 5Y*
- -44.35%
- 10Y*
- —
THETA-USD vs. DOT-USD - Yearly Performance Comparison
Correlation
The correlation between THETA-USD and DOT-USD is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.20 |
Over the past year, THETA-USD and DOT-USD have become more correlated (0.69) than their long-term average of 0.20, 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.
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 | DOT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.83 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.91 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.37 | +0.12 |
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Drawdowns
THETA-USD vs. DOT-USD - Drawdown Comparison
The maximum THETA-USD drawdown since its inception was -99.11%, roughly equal to the maximum DOT-USD drawdown of -98.50%. 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 | -99.11% | -98.50% | -0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -87.02% | -82.23% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -96.33% | -93.00% | -3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -98.62% | -98.50% | -0.12% |
Current DrawdownCurrent decline from peak | -99.08% | -98.46% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -71.74% | -81.24% | +9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.04% | 52.12% | +5.92% |
Volatility
THETA-USD vs. DOT-USD - Volatility Comparison
THETA (THETA-USD) has a higher volatility of 19.21% compared to Polkadot (DOT-USD) at 17.22%. 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 | 19.21% | 17.22% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 55.34% | 57.03% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.94% | 70.92% | +2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.55% | 71.91% | +10.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.05% | 72.50% | +31.55% |
Frequently Asked Questions
THETA-USD and DOT-USD have a correlation of 0.69, 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 DOT-USD (17.22%). In terms of maximum drawdown, THETA-USD dropped -99.11% vs DOT-USD's -98.50%.
DOT-USD currently has the higher Sharpe Ratio (-0.88 vs -0.91), 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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