VET-USD vs. ALGO-USD
VET-USD (VeChain) and ALGO-USD (Algorand) are both cryptocurrencies. Over the past 5 years, VET-USD returned -43.03%/yr vs -36.37%/yr for ALGO-USD. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
VET-USD vs. ALGO-USD - Performance Comparison
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Returns By Period
In the year-to-date period, VET-USD achieves a -57.44% return, which is significantly lower than ALGO-USD's -23.48% return.
VET-USD
- 1D
- -3.49%
- 1M
- -29.68%
- YTD
- -57.44%
- 6M
- -57.36%
- 1Y
- -78.94%
- 3Y*
- -37.70%
- 5Y*
- -43.03%
- 10Y*
- —
ALGO-USD
- 1D
- -5.91%
- 1M
- -22.21%
- YTD
- -23.48%
- 6M
- -26.48%
- 1Y
- -51.96%
- 3Y*
- -13.28%
- 5Y*
- -36.37%
- 10Y*
- —
VET-USD vs. ALGO-USD - Yearly Performance Comparison
Correlation
The correlation between VET-USD and ALGO-USD is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.72 |
The correlation between VET-USD and ALGO-USD has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.
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Return for Risk
VET-USD vs. ALGO-USD — Risk / Return Rank
VET-USD
ALGO-USD
VET-USD vs. ALGO-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VeChain (VET-USD) and Algorand (ALGO-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.
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.
| VET-USD | ALGO-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.94 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.70 | -0.24 |
| Martin ratioReturn relative to average drawdown | -1.39 | -0.96 | -0.43 |
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Drawdowns
VET-USD vs. ALGO-USD - Drawdown Comparison
The maximum VET-USD drawdown since its inception was -98.26%, roughly equal to the maximum ALGO-USD drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for VET-USD and ALGO-USD.
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Drawdown Indicators
| VET-USD | ALGO-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.26% | -97.53% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -84.40% | -74.55% | -9.85% |
Max Drawdown (3Y)Largest decline over 3 years | -94.34% | -84.09% | -10.25% |
Max Drawdown (5Y)Largest decline over 5 years | -97.48% | -96.59% | -0.89% |
Current DrawdownCurrent decline from peak | -98.26% | -97.43% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -73.76% | -87.06% | +13.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.96% | 40.68% | +10.28% |
Volatility
VET-USD vs. ALGO-USD - Volatility Comparison
The current volatility for VeChain (VET-USD) is 19.71%, while Algorand (ALGO-USD) has a volatility of 23.23%. This indicates that VET-USD experiences smaller price fluctuations and is considered to be less risky than ALGO-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VET-USD | ALGO-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.71% | 23.23% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 48.91% | 55.78% | -6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.45% | 69.35% | -7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.93% | 79.69% | -5.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.53% | 93.21% | -2.68% |
Frequently Asked Questions
VET-USD and ALGO-USD have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALGO-USD has higher volatility (23.23%) compared to VET-USD (19.71%). In terms of maximum drawdown, VET-USD dropped -98.26% vs ALGO-USD's -97.53%.
ALGO-USD currently has the higher Sharpe Ratio (-0.62 vs -1.07), 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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