THETA-USD vs. SHIB-USD
THETA-USD (THETA) and SHIB-USD (Shiba Inu) are both cryptocurrencies. Over the past 5 years, THETA-USD returned -53.81%/yr vs -11.80%/yr for SHIB-USD. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
THETA-USD vs. SHIB-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 lower than SHIB-USD's -38.03% 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*
- —
SHIB-USD
- 1D
- 1.67%
- 1M
- -22.78%
- YTD
- -38.03%
- 6M
- -38.03%
- 1Y
- -61.88%
- 3Y*
- -17.70%
- 5Y*
- -11.80%
- 10Y*
- —
THETA-USD vs. SHIB-USD - Yearly Performance Comparison
Correlation
The correlation between THETA-USD and SHIB-USD is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.65 |
The correlation between THETA-USD and SHIB-USD has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
THETA-USD vs. SHIB-USD — Risk / Return Rank
THETA-USD
SHIB-USD
THETA-USD vs. SHIB-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for THETA (THETA-USD) and Shiba Inu (SHIB-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 | SHIB-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.85 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.85 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.28 | +0.02 |
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Drawdowns
THETA-USD vs. SHIB-USD - Drawdown Comparison
The maximum THETA-USD drawdown since its inception was -99.11%, roughly equal to the maximum SHIB-USD drawdown of -94.87%. Use the drawdown chart below to compare losses from any high point for THETA-USD and SHIB-USD.
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Drawdown Indicators
| THETA-USD | SHIB-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.11% | -94.87% | -4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -87.02% | -73.20% | -13.82% |
Max Drawdown (3Y)Largest decline over 3 years | -96.33% | -88.44% | -7.89% |
Max Drawdown (5Y)Largest decline over 5 years | -98.62% | -94.87% | -3.75% |
Current DrawdownCurrent decline from peak | -99.08% | -94.73% | -4.35% |
Average DrawdownAverage peak-to-trough decline | -71.74% | -80.27% | +8.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.04% | 38.17% | +19.87% |
Volatility
THETA-USD vs. SHIB-USD - Volatility Comparison
THETA (THETA-USD) has a higher volatility of 19.21% compared to Shiba Inu (SHIB-USD) at 14.97%. This indicates that THETA-USD's price experiences larger fluctuations and is considered to be riskier than SHIB-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 | SHIB-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.21% | 14.97% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 55.34% | 44.98% | +10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.94% | 55.04% | +17.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.55% | 93.88% | -11.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.05% | 207.84% | -103.79% |
Frequently Asked Questions
THETA-USD and SHIB-USD have a correlation of 0.71, 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 SHIB-USD (14.97%). In terms of maximum drawdown, THETA-USD dropped -99.11% vs SHIB-USD's -94.87%.
THETA-USD currently has the higher Sharpe Ratio (-0.91 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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