Correlation
The correlation between TRX-USD and BTC-USD is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
TRX-USD vs. BTC-USD
Compare and contrast key facts about Tronix (TRX-USD) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRX-USD or BTC-USD.
Performance
TRX-USD vs. BTC-USD - Performance Comparison
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Key characteristics
TRX-USD:
1.29
BTC-USD:
1.15
TRX-USD:
3.15
BTC-USD:
3.30
TRX-USD:
1.41
BTC-USD:
1.35
TRX-USD:
1.51
BTC-USD:
2.77
TRX-USD:
4.00
BTC-USD:
12.73
TRX-USD:
34.75%
BTC-USD:
11.18%
TRX-USD:
89.46%
BTC-USD:
41.36%
TRX-USD:
-96.01%
BTC-USD:
-93.18%
TRX-USD:
-36.20%
BTC-USD:
-2.36%
Returns By Period
In the year-to-date period, TRX-USD achieves a 6.92% return, which is significantly lower than BTC-USD's 16.70% return.
TRX-USD
6.92%
7.88%
38.63%
140.33%
48.87%
79.55%
N/A
BTC-USD
16.70%
15.20%
17.11%
59.13%
55.02%
65.30%
84.59%
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Risk-Adjusted Performance
TRX-USD vs. BTC-USD — Risk-Adjusted Performance Rank
TRX-USD
BTC-USD
TRX-USD vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tronix (TRX-USD) and Bitcoin (BTC-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.
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Drawdowns
TRX-USD vs. BTC-USD - Drawdown Comparison
The maximum TRX-USD drawdown since its inception was -96.01%, roughly equal to the maximum BTC-USD drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for TRX-USD and BTC-USD.
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Volatility
TRX-USD vs. BTC-USD - Volatility Comparison
The current volatility for Tronix (TRX-USD) is 8.77%, while Bitcoin (BTC-USD) has a volatility of 9.97%. This indicates that TRX-USD experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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