TON-USD vs. TRX-USD
TON-USD (Toncoin) and TRX-USD (Tronix) are both cryptocurrencies. Over the past 3 years, TON-USD returned 2.23%/yr vs 59.32%/yr for TRX-USD. At a 0.36 correlation, their price movements are largely independent.
Performance
TON-USD vs. TRX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, TON-USD achieves a -10.30% return, which is significantly lower than TRX-USD's 13.57% return.
TON-USD
- 1D
- -1.99%
- 1M
- -10.60%
- 6M
- -13.55%
- YTD
- -10.30%
- 1Y
- -53.49%
- 3Y*
- 2.23%
- 5Y*
- —
- 10Y*
- —
TRX-USD
- 1D
- -0.11%
- 1M
- 0.34%
- 6M
- 4.43%
- YTD
- 13.57%
- 1Y
- 2.22%
- 3Y*
- 59.32%
- 5Y*
- 41.87%
- 10Y*
- —
TON-USD vs. TRX-USD - Yearly Performance Comparison
Correlation
The correlation between TON-USD and TRX-USD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | 0.36 |
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Return for Risk
TON-USD vs. TRX-USD — Risk / Return Rank
TON-USD
TRX-USD
TON-USD vs. TRX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toncoin (TON-USD) and Tronix (TRX-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.
| TON-USD | TRX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.03 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 0.08 | -0.89 |
| Martin ratioReturn relative to average drawdown | -1.10 | 0.14 | -1.25 |
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Drawdowns
TON-USD vs. TRX-USD - Drawdown Comparison
The maximum TON-USD drawdown since its inception was -85.31%, smaller than the maximum TRX-USD drawdown of -95.89%. Use the drawdown chart below to compare losses from any high point for TON-USD and TRX-USD.
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Drawdown Indicators
| TON-USD | TRX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.31% | -95.89% | +10.58% |
Max Drawdown (1Y)Largest decline over 1 year | -66.28% | -26.58% | -39.70% |
Max Drawdown (3Y)Largest decline over 3 years | -85.31% | -50.98% | -34.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.60% | — |
Current DrawdownCurrent decline from peak | -81.82% | -25.47% | -56.35% |
Average DrawdownAverage peak-to-trough decline | -52.68% | -62.07% | +9.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.97% | 8.03% | +24.94% |
Volatility
TON-USD vs. TRX-USD - Volatility Comparison
Toncoin (TON-USD) has a higher volatility of 18.01% compared to Tronix (TRX-USD) at 5.43%. This indicates that TON-USD's price experiences larger fluctuations and is considered to be riskier than TRX-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 | TRX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.01% | 5.43% | +12.58% |
Volatility (6M)Calculated over the trailing 6-month period | 62.18% | 17.56% | +44.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.62% | 23.51% | +43.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.30% | 57.07% | +33.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.30% | 109.63% | -19.33% |
Frequently Asked Questions
TON-USD and TRX-USD have a correlation of 0.39, 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 (18.01%) compared to TRX-USD (5.43%). In terms of maximum drawdown, TON-USD dropped -85.31% vs TRX-USD's -95.89%.
TRX-USD currently has the higher Sharpe Ratio (0.08 vs -0.67), 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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