TON-USD vs. ICP-USD
TON-USD (Toncoin) and ICP-USD (Internet Computer) are both cryptocurrencies. Over the past 3 years, TON-USD returned -2.88%/yr vs -19.41%/yr for ICP-USD. At a 0.43 correlation, their price movements are largely independent.
Performance
TON-USD vs. ICP-USD - Performance Comparison
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Returns By Period
In the year-to-date period, TON-USD achieves a -7.52% return, which is significantly higher than ICP-USD's -18.34% return.
TON-USD
- 1D
- -7.56%
- 1M
- -37.48%
- YTD
- -7.52%
- 6M
- -2.49%
- 1Y
- -49.47%
- 3Y*
- -2.88%
- 5Y*
- —
- 10Y*
- —
ICP-USD
- 1D
- -15.01%
- 1M
- -27.40%
- YTD
- -18.34%
- 6M
- -33.54%
- 1Y
- -52.32%
- 3Y*
- -19.41%
- 5Y*
- -53.31%
- 10Y*
- —
TON-USD vs. ICP-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TON-USD Toncoin | -7.52% | -69.91% | 138.49% | 6.02% | -40.95% | 437.29% |
ICP-USD Internet Computer | -18.34% | -71.20% | -25.93% | 237.58% | -83.87% | -61.11% |
Correlation
The correlation between TON-USD and ICP-USD is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2021 | 0.43 |
The correlation between TON-USD and ICP-USD shifts across timeframes, from 0.43 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TON-USD vs. ICP-USD — Risk / Return Rank
TON-USD
ICP-USD
TON-USD vs. ICP-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toncoin (TON-USD) and Internet Computer (ICP-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 | ICP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.98 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.68 | -0.06 |
| Martin ratioReturn relative to average drawdown | -1.10 | -0.98 | -0.12 |
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 | ICP-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | -0.48 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | -0.57 | +0.74 |
Drawdowns
TON-USD vs. ICP-USD - Drawdown Comparison
The maximum TON-USD drawdown since its inception was -85.31%, smaller than the maximum ICP-USD drawdown of -99.51%. Use the drawdown chart below to compare losses from any high point for TON-USD and ICP-USD.
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Drawdown Indicators
| TON-USD | ICP-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.31% | -99.51% | +14.20% |
Max Drawdown (1Y)Largest decline over 1 year | -66.28% | -76.70% | +10.42% |
Max Drawdown (3Y)Largest decline over 3 years | -85.31% | -89.03% | +3.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.72% | — |
Current DrawdownCurrent decline from peak | -81.25% | -99.46% | +18.21% |
Average DrawdownAverage peak-to-trough decline | -52.06% | -96.62% | +44.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.17% | 61.79% | -18.62% |
Volatility
TON-USD vs. ICP-USD - Volatility Comparison
Toncoin (TON-USD) and Internet Computer (ICP-USD) have volatilities of 32.95% and 34.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TON-USD | ICP-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.95% | 34.26% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 60.52% | 70.11% | -9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.35% | 91.64% | -26.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.17% | 89.86% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.17% | 92.93% | -2.76% |
Frequently Asked Questions
TON-USD and ICP-USD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICP-USD has higher volatility (34.26%) compared to TON-USD (32.95%). In terms of maximum drawdown, TON-USD dropped -85.31% vs ICP-USD's -99.51%.
ICP-USD currently has the higher Sharpe Ratio (-0.48 vs -0.63), 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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