Correlation
The correlation between VET-USD and BTC-USD is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
VET-USD vs. BTC-USD
Compare and contrast key facts about VeChain (VET-USD) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VET-USD or BTC-USD.
Performance
VET-USD vs. BTC-USD - Performance Comparison
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Key characteristics
VET-USD:
-0.25
BTC-USD:
1.13
VET-USD:
1.17
BTC-USD:
2.85
VET-USD:
1.11
BTC-USD:
1.30
VET-USD:
0.06
BTC-USD:
2.03
VET-USD:
0.45
BTC-USD:
9.98
VET-USD:
48.08%
BTC-USD:
11.19%
VET-USD:
85.78%
BTC-USD:
41.36%
VET-USD:
-99.97%
BTC-USD:
-93.18%
VET-USD:
-99.69%
BTC-USD:
-5.40%
Returns By Period
In the year-to-date period, VET-USD achieves a -39.69% return, which is significantly lower than BTC-USD's 13.07% return.
VET-USD
-39.69%
-1.07%
-42.76%
-24.33%
-7.64%
33.04%
N/A
BTC-USD
13.07%
12.14%
8.39%
54.53%
49.33%
61.22%
85.17%
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Risk-Adjusted Performance
VET-USD vs. BTC-USD — Risk-Adjusted Performance Rank
VET-USD
BTC-USD
VET-USD vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VeChain (VET-USD) and Bitcoin (BTC-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.
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Drawdowns
VET-USD vs. BTC-USD - Drawdown Comparison
The maximum VET-USD drawdown since its inception was -99.97%, which is greater than BTC-USD's maximum drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for VET-USD and BTC-USD.
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Volatility
VET-USD vs. BTC-USD - Volatility Comparison
VeChain (VET-USD) has a higher volatility of 24.86% compared to Bitcoin (BTC-USD) at 10.22%. This indicates that VET-USD's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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