THETA-USD vs. SNX-USD
THETA-USD (THETA) and SNX-USD (SynthetixNetworkToken) are both cryptocurrencies. Over the past 5 years, THETA-USD returned -53.43%/yr vs -53.13%/yr for SNX-USD. Their 0.50 correlation means they have sometimes moved together and sometimes differently.
Performance
THETA-USD vs. SNX-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 SNX-USD's -47.80% 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%
SNX-USD
- 1D
- 3.38%
- 1M
- 0.47%
- 6M
- -46.63%
- YTD
- -47.80%
- 1Y
- -63.17%
- 3Y*
- -55.89%
- 5Y*
- -53.13%
- 10Y*
- —
- ALL TIME*
- -8.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
SNX-USD SynthetixNetworkToken | $3.32M | $3.02M | $2.90M |
THETA-USD THETA | $684.38K | $1.33M | $2.36M |
THETA-USD vs. SNX-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
THETA-USD THETA | -52.13% | -88.09% | 76.54% | 71.81% | -84.48% | 152.72% | 2,036.61% | 85.08% | -71.77% |
SNX-USD SynthetixNetworkToken | -47.80% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 493.90% | 3,090.51% | -91.57% |
Correlation
The correlation between THETA-USD and SNX-USD is 0.53, 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. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2018 | 0.50 |
The correlation between THETA-USD and SNX-USD shifts across timeframes, from 0.50 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
THETA-USD vs. SNX-USD — Risk / Return Rank
THETA-USD
SNX-USD
THETA-USD vs. SNX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for THETA (THETA-USD) and SynthetixNetworkToken (SNX-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 | SNX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 0.98 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.69 | -0.28 |
| Martin ratioReturn relative to average drawdown | -1.27 | -0.86 | -0.41 |
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Drawdowns
THETA-USD vs. SNX-USD - Drawdown Comparison
The maximum THETA-USD drawdown since its inception was -99.14%, roughly equal to the maximum SNX-USD drawdown of -99.26%. Use the drawdown chart below to compare losses from any high point for THETA-USD and SNX-USD.
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Drawdown Indicators
| THETA-USD | SNX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.14% | -99.26% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -86.55% | -91.23% | +4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -96.44% | -96.06% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -98.66% | -98.66% | 0.00% |
Current DrawdownCurrent decline from peak | -99.12% | -99.21% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -72.01% | -73.38% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.93% | 45.71% | +0.22% |
Volatility
THETA-USD vs. SNX-USD - Volatility Comparison
The current volatility for THETA (THETA-USD) is 15.93%, while SynthetixNetworkToken (SNX-USD) has a volatility of 23.56%. This indicates that THETA-USD experiences smaller price fluctuations and is considered to be less risky than SNX-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 | SNX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.93% | 23.56% | -7.63% |
Volatility (6M)Calculated over the trailing 6-month period | 51.96% | 60.75% | -8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.74% | 117.26% | -45.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.67% | 99.32% | -17.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.65% | 116.95% | -13.30% |
Frequently Asked Questions
THETA-USD and SNX-USD have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNX-USD has higher volatility (23.56%) compared to THETA-USD (15.93%). In terms of maximum drawdown, THETA-USD dropped -99.14% vs SNX-USD's -99.26%.
SNX-USD currently has the higher Sharpe Ratio (-0.45 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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