VET-USD vs. TRX-USD
VET-USD (VeChain) and TRX-USD (Tronix) are both cryptocurrencies. Over the past 5 years, VET-USD returned -41.29%/yr vs 41.87%/yr for TRX-USD. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
VET-USD vs. TRX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, VET-USD achieves a -54.72% return, which is significantly lower than TRX-USD's 13.57% return.
VET-USD
- 1D
- -0.56%
- 1M
- -6.48%
- 6M
- -60.02%
- YTD
- -54.72%
- 1Y
- -82.17%
- 3Y*
- -37.24%
- 5Y*
- -41.29%
- 10Y*
- —
TRX-USD
- 1D
- -0.11%
- 1M
- 0.34%
- 6M
- 4.43%
- YTD
- 13.57%
- 1Y
- 2.22%
- 3Y*
- 59.32%
- 5Y*
- 41.87%
- 10Y*
- —
VET-USD vs. TRX-USD - Yearly Performance Comparison
Correlation
The correlation between VET-USD and TRX-USD is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018 | 0.59 |
Over the past year, the correlation between VET-USD and TRX-USD has dropped to 0.37 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
VET-USD vs. TRX-USD — Risk / Return Rank
VET-USD
TRX-USD
VET-USD vs. TRX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VeChain (VET-USD) and Tronix (TRX-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 | TRX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.03 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 0.08 | -1.05 |
| Martin ratioReturn relative to average drawdown | -1.36 | 0.14 | -1.50 |
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Drawdowns
VET-USD vs. TRX-USD - Drawdown Comparison
The maximum VET-USD drawdown since its inception was -98.28%, roughly equal to the maximum TRX-USD drawdown of -95.89%. Use the drawdown chart below to compare losses from any high point for VET-USD and TRX-USD.
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Drawdown Indicators
| VET-USD | TRX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.28% | -95.89% | -2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -84.61% | -26.58% | -58.03% |
Max Drawdown (3Y)Largest decline over 3 years | -94.42% | -50.98% | -43.44% |
Max Drawdown (5Y)Largest decline over 5 years | -97.51% | -59.60% | -37.91% |
Current DrawdownCurrent decline from peak | -98.15% | -25.47% | -72.68% |
Average DrawdownAverage peak-to-trough decline | -73.95% | -62.07% | -11.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.12% | 8.03% | +46.09% |
Volatility
VET-USD vs. TRX-USD - Volatility Comparison
VeChain (VET-USD) has a higher volatility of 13.47% compared to Tronix (TRX-USD) at 5.43%. This indicates that VET-USD's price experiences larger fluctuations and is considered to be riskier than TRX-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 | TRX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.47% | 5.43% | +8.04% |
Volatility (6M)Calculated over the trailing 6-month period | 46.24% | 17.56% | +28.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.31% | 23.51% | +36.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.61% | 57.07% | +16.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.24% | 109.63% | -19.39% |
Frequently Asked Questions
VET-USD and TRX-USD have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VET-USD has higher volatility (13.47%) compared to TRX-USD (5.43%). In terms of maximum drawdown, VET-USD dropped -98.28% vs TRX-USD's -95.89%.
TRX-USD currently has the higher Sharpe Ratio (0.08 vs -1.13), 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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