TON-USD vs. ETH-USD
TON-USD (Toncoin) and ETH-USD (Ethereum) are both cryptocurrencies. Over the past 3 years, TON-USD returned 2.00%/yr vs -1.81%/yr for ETH-USD. At a 0.49 correlation, their price movements are largely independent.
Performance
TON-USD vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, TON-USD achieves a 12.06% return, which is significantly higher than ETH-USD's -39.68% return.
TON-USD
- 1D
- -5.73%
- 1M
- 12.37%
- YTD
- 12.06%
- 6M
- 12.63%
- 1Y
- -41.64%
- 3Y*
- 2.00%
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -3.66%
- 1M
- -23.74%
- YTD
- -39.68%
- 6M
- -43.89%
- 1Y
- -31.03%
- 3Y*
- -1.81%
- 5Y*
- -7.83%
- 10Y*
- 62.38%
TON-USD vs. ETH-USD - Yearly Performance Comparison
Correlation
The correlation between TON-USD and ETH-USD is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2021 | 0.49 |
The correlation between TON-USD and ETH-USD shifts across timeframes, from 0.49 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TON-USD vs. ETH-USD — Risk / Return Rank
TON-USD
ETH-USD
TON-USD vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toncoin (TON-USD) and Ethereum (ETH-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.
| TON-USD | ETH-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.54 | -0.46 | -0.08 |
Sortino ratioReturn per unit of downside risk | -0.45 | -0.31 | -0.14 |
Omega ratioGain probability vs. loss probability | 0.95 | 0.97 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.49 | -0.14 |
Martin ratioReturn relative to average drawdown | -0.93 | -0.82 | -0.11 |
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
| TON-USD | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | -0.46 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.76 | -0.55 |
Drawdowns
TON-USD vs. ETH-USD - Drawdown Comparison
The maximum TON-USD drawdown since its inception was -85.31%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for TON-USD and ETH-USD.
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Drawdown Indicators
| TON-USD | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.31% | -94.01% | +8.70% |
Max Drawdown (1Y)Largest decline over 1 year | -66.28% | -62.96% | -3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -85.31% | -63.80% | -21.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -77.28% | -62.96% | -14.32% |
Average DrawdownAverage peak-to-trough decline | -52.02% | -50.87% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.00% | 43.64% | -0.64% |
Volatility
TON-USD vs. ETH-USD - Volatility Comparison
Toncoin (TON-USD) has a higher volatility of 41.81% compared to Ethereum (ETH-USD) at 10.96%. This indicates that TON-USD's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TON-USD | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.81% | 10.96% | +30.85% |
Volatility (6M)Calculated over the trailing 6-month period | 58.74% | 45.10% | +13.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.32% | 55.90% | +8.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.06% | 59.54% | +30.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.06% | 77.96% | +12.10% |
Frequently Asked Questions
TON-USD and ETH-USD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TON-USD has higher volatility (41.81%) compared to ETH-USD (10.96%). In terms of maximum drawdown, TON-USD dropped -85.31% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.46 vs -0.54), 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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