TRX-USD vs. DOT-USD
TRX-USD (Tronix) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 3 years, TRX-USD returned 65.45%/yr vs -40.48%/yr for DOT-USD. At a 0.07 correlation, their price movements are largely independent.
Performance
TRX-USD vs. DOT-USD - Performance Comparison
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Returns By Period
In the year-to-date period, TRX-USD achieves a 14.63% return, which is significantly higher than DOT-USD's -46.67% return.
TRX-USD
- 1D
- -0.32%
- 1M
- -7.01%
- YTD
- 14.63%
- 6M
- 15.78%
- 1Y
- 15.52%
- 3Y*
- 65.45%
- 5Y*
- 34.02%
- 10Y*
- —
DOT-USD
- 1D
- -2.06%
- 1M
- -29.20%
- YTD
- -46.67%
- 6M
- -55.26%
- 1Y
- -76.33%
- 3Y*
- -40.48%
- 5Y*
- —
- 10Y*
- —
TRX-USD vs. DOT-USD - Yearly Performance Comparison
Correlation
The correlation between TRX-USD and DOT-USD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.07 |
Over the past year, TRX-USD and DOT-USD have become more correlated (0.41) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
TRX-USD vs. DOT-USD — Risk / Return Rank
TRX-USD
DOT-USD
TRX-USD vs. DOT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tronix (TRX-USD) and Polkadot (DOT-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.
| TRX-USD | DOT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.83 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | -0.96 | +1.55 |
| Martin ratioReturn relative to average drawdown | 1.03 | -1.50 | +2.53 |
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
| TRX-USD | DOT-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | -0.89 | +1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | -0.54 | +1.13 |
Drawdowns
TRX-USD vs. DOT-USD - Drawdown Comparison
The maximum TRX-USD drawdown since its inception was -95.89%, roughly equal to the maximum DOT-USD drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for TRX-USD and DOT-USD.
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Drawdown Indicators
| TRX-USD | DOT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.89% | -98.25% | +2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -26.58% | -79.31% | +52.73% |
Max Drawdown (3Y)Largest decline over 3 years | -50.98% | -91.85% | +40.87% |
Max Drawdown (5Y)Largest decline over 5 years | -59.60% | — | — |
Current DrawdownCurrent decline from peak | -24.78% | -98.23% | +73.45% |
Average DrawdownAverage peak-to-trough decline | -62.54% | -80.97% | +18.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.66% | 59.22% | -45.56% |
Volatility
TRX-USD vs. DOT-USD - Volatility Comparison
The current volatility for Tronix (TRX-USD) is 8.62%, while Polkadot (DOT-USD) has a volatility of 16.83%. This indicates that TRX-USD experiences smaller price fluctuations and is considered to be less risky than DOT-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRX-USD | DOT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.62% | 16.83% | -8.21% |
Volatility (6M)Calculated over the trailing 6-month period | 18.03% | 58.88% | -40.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.31% | 71.59% | -47.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.52% | 72.85% | -14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.30% | 72.85% | +37.45% |
Frequently Asked Questions
TRX-USD and DOT-USD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOT-USD has higher volatility (16.83%) compared to TRX-USD (8.62%). In terms of maximum drawdown, TRX-USD dropped -95.89% vs DOT-USD's -98.25%.
TRX-USD currently has the higher Sharpe Ratio (0.53 vs -0.89), 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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