USDT-USD vs. AAPL
USDT-USD (Tether) is a cryptocurrency, while AAPL (Apple Inc) is a stock. Over the past 5 years, USDT-USD returned -0.03%/yr vs 16.22%/yr for AAPL. At a 0.06 correlation, their price movements are largely independent.
Performance
USDT-USD vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, USDT-USD achieves a -0.01% return, which is significantly lower than AAPL's 1.40% return.
USDT-USD
- 1D
- 0.00%
- 1M
- -0.02%
- YTD
- -0.01%
- 6M
- -0.10%
- 1Y
- -0.20%
- 3Y*
- -0.06%
- 5Y*
- -0.03%
- 10Y*
- —
AAPL
- 1D
- -6.12%
- 1M
- -10.76%
- YTD
- 1.40%
- 6M
- 0.68%
- 1Y
- 37.05%
- 3Y*
- 14.62%
- 5Y*
- 16.22%
- 10Y*
- 29.37%
USDT-USD vs. AAPL - Yearly Performance Comparison
Correlation
The correlation between USDT-USD and AAPL is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2017 | 0.06 |
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Return for Risk
USDT-USD vs. AAPL — Risk / Return Rank
USDT-USD
AAPL
USDT-USD vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tether (USDT-USD) and Apple Inc (AAPL). 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.
| USDT-USD | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.30 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.70 | -3.22 |
| Martin ratioReturn relative to average drawdown | -1.07 | 6.54 | -7.62 |
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Drawdowns
USDT-USD vs. AAPL - Drawdown Comparison
The maximum USDT-USD drawdown since its inception was -10.32%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for USDT-USD and AAPL.
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Drawdown Indicators
| USDT-USD | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.32% | -81.80% | +71.48% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -13.80% | +13.41% |
Max Drawdown (3Y)Largest decline over 3 years | -0.42% | -33.36% | +32.94% |
Max Drawdown (5Y)Largest decline over 5 years | -0.99% | -33.36% | +32.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.52% | — |
Current DrawdownCurrent decline from peak | -7.37% | -12.71% | +5.34% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -29.58% | +22.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 5.68% | -5.58% |
Volatility
USDT-USD vs. AAPL - Volatility Comparison
The current volatility for Tether (USDT-USD) is 0.14%, while Apple Inc (AAPL) has a volatility of 9.12%. This indicates that USDT-USD experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDT-USD | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 9.12% | -8.98% |
Volatility (6M)Calculated over the trailing 6-month period | 0.36% | 17.77% | -17.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 23.42% | -23.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.55% | 27.66% | -27.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.76% | 28.98% | -22.22% |
Frequently Asked Questions
USDT-USD and AAPL have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPL has higher volatility (9.12%) compared to USDT-USD (0.14%). In terms of maximum drawdown, USDT-USD dropped -10.32% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (1.59 vs -0.42), 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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