USDT-USD vs. ETH-USD
USDT-USD (Tether) is a cryptocurrency, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 5 years, USDT-USD returned -0.01%/yr vs 0.56%/yr for ETH-USD. At 0.06, their price movements are largely independent.
Performance
USDT-USD vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, USDT-USD achieves a 0.15% return, which is significantly higher than ETH-USD's -26.05% return.
USDT-USD
- 1D
- 0.00%
- 1M
- 0.01%
- YTD
- 0.15%
- 6M
- -0.05%
- 1Y
- 0.04%
- 3Y*
- -0.02%
- 5Y*
- -0.01%
- 10Y*
- —
ETH-USD
- 1D
- 0.16%
- 1M
- 7.71%
- YTD
- -26.05%
- 6M
- -49.81%
- 1Y
- 31.43%
- 3Y*
- 4.70%
- 5Y*
- 0.56%
- 10Y*
- 73.86%
USDT-USD vs. ETH-USD - Yearly Performance Comparison
Correlation
The correlation between USDT-USD and ETH-USD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2017 | 0.06 |
The correlation between USDT-USD and ETH-USD shifts across timeframes, from 0.06 (all time) to 0.31 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
USDT-USD vs. ETH-USD — Risk / Return Rank
USDT-USD
ETH-USD
USDT-USD vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tether (USDT-USD) and Ethereum (ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.08 | 0.43 | -0.36 |
Sortino ratioReturn per unit of downside risk | 0.12 | 1.15 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.12 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.07 | -0.85 | +0.93 |
Martin ratioReturn relative to average drawdown | 0.16 | -1.41 | +1.57 |
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 | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 0.43 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.01 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.80 | -0.80 |
Drawdowns
USDT-USD vs. ETH-USD - Drawdown Comparison
The maximum USDT-USD drawdown since its inception was -10.32%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for USDT-USD and ETH-USD.
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Drawdown Indicators
| USDT-USD | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.32% | -94.01% | +83.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -62.26% | +61.87% |
Max Drawdown (5Y)Largest decline over 5 years | -1.54% | -79.35% | +77.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -7.22% | -54.59% | +47.37% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -50.82% | +43.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 37.64% | -37.45% |
Volatility
USDT-USD vs. ETH-USD - Volatility Comparison
The current volatility for Tether (USDT-USD) is 0.15%, while Ethereum (ETH-USD) has a volatility of 16.63%. This indicates that USDT-USD experiences smaller price fluctuations and is considered to be less risky than ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 16.63% | -16.48% |
Volatility (6M)Calculated over the trailing 6-month period | 0.39% | 51.46% | -51.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.40% | 61.45% | -61.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.80% | 63.45% | -62.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.84% | 78.80% | -71.96% |