XTZ-USD vs. DOT-USD
XTZ-USD (Tezos) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 5 years, XTZ-USD returned -39.48%/yr vs -42.78%/yr for DOT-USD. At a 0.21 correlation, their price movements are largely independent.
Performance
XTZ-USD vs. DOT-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XTZ-USD having a -53.80% return and DOT-USD slightly higher at -52.60%.
XTZ-USD
- 1D
- -1.16%
- 1M
- -2.38%
- 6M
- -59.82%
- YTD
- -53.80%
- 1Y
- -63.37%
- 3Y*
- -36.89%
- 5Y*
- -39.48%
- 10Y*
- —
DOT-USD
- 1D
- -0.70%
- 1M
- -11.49%
- 6M
- -59.04%
- YTD
- -52.60%
- 1Y
- -78.24%
- 3Y*
- -46.24%
- 5Y*
- -42.78%
- 10Y*
- —
XTZ-USD vs. DOT-USD - Yearly Performance Comparison
Correlation
The correlation between XTZ-USD and DOT-USD is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.21 |
Over the past year, XTZ-USD and DOT-USD have become more correlated (0.75) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
XTZ-USD vs. DOT-USD — Risk / Return Rank
XTZ-USD
DOT-USD
XTZ-USD vs. DOT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tezos (XTZ-USD) and Polkadot (DOT-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.
| XTZ-USD | DOT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.81 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.95 | +0.17 |
| Martin ratioReturn relative to average drawdown | -1.15 | -1.39 | +0.24 |
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Drawdowns
XTZ-USD vs. DOT-USD - Drawdown Comparison
The maximum XTZ-USD drawdown since its inception was -98.09%, roughly equal to the maximum DOT-USD drawdown of -98.50%. Use the drawdown chart below to compare losses from any high point for XTZ-USD and DOT-USD.
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Drawdown Indicators
| XTZ-USD | DOT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.09% | -98.50% | +0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -81.15% | -82.23% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -88.71% | -93.00% | +4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -97.67% | -98.50% | +0.83% |
Current DrawdownCurrent decline from peak | -97.84% | -98.43% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -79.55% | -81.34% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.56% | 54.29% | -9.73% |
Volatility
XTZ-USD vs. DOT-USD - Volatility Comparison
Tezos (XTZ-USD) has a higher volatility of 21.03% compared to Polkadot (DOT-USD) at 13.65%. This indicates that XTZ-USD's price experiences larger fluctuations and is considered to be riskier than DOT-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTZ-USD | DOT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.03% | 13.65% | +7.38% |
Volatility (6M)Calculated over the trailing 6-month period | 50.32% | 55.69% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.13% | 70.41% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.15% | 71.79% | +5.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.60% | 72.38% | +33.22% |
Frequently Asked Questions
XTZ-USD and DOT-USD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTZ-USD has higher volatility (21.03%) compared to DOT-USD (13.65%). In terms of maximum drawdown, XTZ-USD dropped -98.09% vs DOT-USD's -98.50%.
XTZ-USD currently has the higher Sharpe Ratio (-0.73 vs -0.92), 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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