THETA-USD vs. SHIB-USD
THETA-USD (THETA) and SHIB-USD (Shiba Inu) are both cryptocurrencies. Over the past 5 years, THETA-USD returned -53.43%/yr vs -3.89%/yr for SHIB-USD. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
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 -52.13% return, which is significantly lower than SHIB-USD's -28.59% return.
THETA-USD
- 1D
- 2.39%
- 1M
- -3.85%
- 6M
- -47.20%
- YTD
- -52.13%
- 1Y
- -84.07%
- 3Y*
- -45.51%
- 5Y*
- -53.43%
- 10Y*
- —
- ALL TIME*
- -2.30%
SHIB-USD
- 1D
- 4.46%
- 1M
- 14.95%
- 6M
- -31.86%
- YTD
- -28.59%
- 1Y
- -60.48%
- 3Y*
- -16.40%
- 5Y*
- -3.89%
- 10Y*
- —
- ALL TIME*
- 35.15%
Liquidity Comparison
THETA-USD vs. SHIB-USD - Yearly Performance Comparison
Correlation
The correlation between THETA-USD and SHIB-USD is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer 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 0.70 - 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 | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 0.86 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.85 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.27 | -1.23 | -0.03 |
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Drawdowns
THETA-USD vs. SHIB-USD - Drawdown Comparison
The maximum THETA-USD drawdown since its inception was -99.14%, roughly equal to the maximum SHIB-USD drawdown of -94.93%. 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 | -99.14% | -94.93% | -4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -86.55% | -71.24% | -15.31% |
Max Drawdown (3Y)Largest decline over 3 years | -96.44% | -88.58% | -7.86% |
Max Drawdown (5Y)Largest decline over 5 years | -98.66% | -94.93% | -3.73% |
Current DrawdownCurrent decline from peak | -99.12% | -93.93% | -5.19% |
Average DrawdownAverage peak-to-trough decline | -72.01% | -80.49% | +8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.93% | 35.66% | +10.27% |
Volatility
THETA-USD vs. SHIB-USD - Volatility Comparison
The current volatility for THETA (THETA-USD) is 15.93%, while Shiba Inu (SHIB-USD) has a volatility of 22.75%. This indicates that THETA-USD experiences smaller price fluctuations and is considered to be less risky 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 | 15.93% | 22.75% | -6.82% |
Volatility (6M)Calculated over the trailing 6-month period | 51.96% | 45.20% | +6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.74% | 56.18% | +15.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.67% | 93.24% | -11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.65% | 206.39% | -102.74% |
Frequently Asked Questions
THETA-USD and SHIB-USD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHIB-USD has higher volatility (22.75%) compared to THETA-USD (15.93%). In terms of maximum drawdown, THETA-USD dropped -99.14% vs SHIB-USD's -94.93%.
SHIB-USD currently has the higher Sharpe Ratio (-0.90 vs -0.98), 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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