XRP-USD vs. USDT-USD
XRP-USD (XRP) and USDT-USD (Tether) are both cryptocurrencies. Over the past 5 years, XRP-USD returned 4.64%/yr vs -0.02%/yr for USDT-USD. At a 0.06 correlation, their price movements are largely independent.
Performance
XRP-USD vs. USDT-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XRP-USD achieves a -37.24% return, which is significantly lower than USDT-USD's 0.10% return.
XRP-USD
- 1D
- -0.09%
- 1M
- -18.75%
- YTD
- -37.24%
- 6M
- -44.31%
- 1Y
- -49.12%
- 3Y*
- 28.98%
- 5Y*
- 4.64%
- 10Y*
- —
USDT-USD
- 1D
- -0.00%
- 1M
- -0.02%
- YTD
- 0.10%
- 6M
- -0.05%
- 1Y
- -0.09%
- 3Y*
- -0.01%
- 5Y*
- -0.02%
- 10Y*
- —
XRP-USD vs. USDT-USD - Yearly Performance Comparison
Correlation
The correlation between XRP-USD and USDT-USD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2017 | 0.06 |
The correlation between XRP-USD and USDT-USD shifts across timeframes, from 0.06 (all time) to 0.26 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XRP-USD vs. USDT-USD — Risk / Return Rank
XRP-USD
USDT-USD
XRP-USD vs. USDT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XRP (XRP-USD) and Tether (USDT-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.
| XRP-USD | USDT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.97 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.23 | -0.48 |
| Martin ratioReturn relative to average drawdown | -1.13 | -0.49 | -0.64 |
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
| XRP-USD | USDT-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | -0.18 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.03 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.00 | +0.54 |
Drawdowns
XRP-USD vs. USDT-USD - Drawdown Comparison
The maximum XRP-USD drawdown since its inception was -95.87%, which is greater than USDT-USD's maximum drawdown of -10.32%. Use the drawdown chart below to compare losses from any high point for XRP-USD and USDT-USD.
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Drawdown Indicators
| XRP-USD | USDT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.87% | -10.32% | -85.55% |
Max Drawdown (1Y)Largest decline over 1 year | -69.23% | -0.39% | -68.84% |
Max Drawdown (3Y)Largest decline over 3 years | -69.23% | -0.42% | -68.81% |
Max Drawdown (5Y)Largest decline over 5 years | -77.83% | -0.99% | -76.84% |
Current DrawdownCurrent decline from peak | -67.51% | -7.26% | -60.25% |
Average DrawdownAverage peak-to-trough decline | -71.01% | -6.93% | -64.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.98% | 0.21% | +43.77% |
Volatility
XRP-USD vs. USDT-USD - Volatility Comparison
XRP (XRP-USD) has a higher volatility of 14.20% compared to Tether (USDT-USD) at 0.13%. This indicates that XRP-USD's price experiences larger fluctuations and is considered to be riskier than USDT-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XRP-USD | USDT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.20% | 0.13% | +14.07% |
Volatility (6M)Calculated over the trailing 6-month period | 46.00% | 0.35% | +45.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.17% | 0.40% | +55.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.40% | 0.55% | +71.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.80% | 6.78% | +105.02% |
Frequently Asked Questions
XRP-USD and USDT-USD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XRP-USD has higher volatility (14.20%) compared to USDT-USD (0.13%). In terms of maximum drawdown, XRP-USD dropped -95.87% vs USDT-USD's -10.32%.
USDT-USD currently has the higher Sharpe Ratio (-0.18 vs -0.73), 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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