USDT-USD vs. DOT-USD
USDT-USD (Tether) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 3 years, USDT-USD returned -0.01%/yr vs -40.48%/yr for DOT-USD. At a 0.14 correlation, their price movements are largely independent.
Performance
USDT-USD vs. DOT-USD - Performance Comparison
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Returns By Period
In the year-to-date period, USDT-USD achieves a 0.10% return, which is significantly higher than DOT-USD's -46.67% return.
USDT-USD
- 1D
- -0.00%
- 1M
- -0.02%
- YTD
- 0.10%
- 6M
- -0.05%
- 1Y
- -0.09%
- 3Y*
- -0.01%
- 5Y*
- -0.02%
- 10Y*
- —
DOT-USD
- 1D
- -2.06%
- 1M
- -29.20%
- YTD
- -46.67%
- 6M
- -55.26%
- 1Y
- -76.33%
- 3Y*
- -40.48%
- 5Y*
- —
- 10Y*
- —
USDT-USD vs. DOT-USD - Yearly Performance Comparison
Correlation
The correlation between USDT-USD and DOT-USD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.14 |
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Return for Risk
USDT-USD vs. DOT-USD — Risk / Return Rank
USDT-USD
DOT-USD
USDT-USD vs. DOT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tether (USDT-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.
| USDT-USD | DOT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.83 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.96 | +0.74 |
| Martin ratioReturn relative to average drawdown | -0.49 | -1.50 | +1.01 |
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
| USDT-USD | DOT-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | -0.89 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | -0.54 | +0.54 |
Drawdowns
USDT-USD vs. DOT-USD - Drawdown Comparison
The maximum USDT-USD drawdown since its inception was -10.32%, smaller than the maximum DOT-USD drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for USDT-USD and DOT-USD.
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Drawdown Indicators
| USDT-USD | DOT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.32% | -98.25% | +87.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -79.31% | +78.92% |
Max Drawdown (3Y)Largest decline over 3 years | -0.42% | -91.85% | +91.43% |
Max Drawdown (5Y)Largest decline over 5 years | -0.99% | — | — |
Current DrawdownCurrent decline from peak | -7.26% | -98.23% | +90.97% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -80.97% | +74.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 59.22% | -59.01% |
Volatility
USDT-USD vs. DOT-USD - Volatility Comparison
The current volatility for Tether (USDT-USD) is 0.13%, while Polkadot (DOT-USD) has a volatility of 16.83%. This indicates that USDT-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
| USDT-USD | DOT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 16.83% | -16.70% |
Volatility (6M)Calculated over the trailing 6-month period | 0.35% | 58.88% | -58.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.40% | 71.59% | -71.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.55% | 72.85% | -72.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.78% | 72.85% | -66.07% |
Frequently Asked Questions
USDT-USD and DOT-USD have a correlation of 0.15, 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 USDT-USD (0.13%). In terms of maximum drawdown, USDT-USD dropped -10.32% vs DOT-USD's -98.25%.
USDT-USD currently has the higher Sharpe Ratio (-0.18 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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