XTZ-USD vs. DOT-USD
XTZ-USD (Tezos) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 3 years, XTZ-USD returned -34.67%/yr vs -42.43%/yr for DOT-USD. At a 0.20 correlation, their price movements are largely independent.
Performance
XTZ-USD vs. DOT-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XTZ-USD achieves a -50.33% return, which is significantly lower than DOT-USD's -46.41% return.
XTZ-USD
- 1D
- -12.08%
- 1M
- -35.90%
- YTD
- -50.33%
- 6M
- -48.66%
- 1Y
- -54.64%
- 3Y*
- -34.67%
- 5Y*
- -42.30%
- 10Y*
- —
DOT-USD
- 1D
- -7.65%
- 1M
- -27.34%
- YTD
- -46.41%
- 6M
- -54.95%
- 1Y
- -74.90%
- 3Y*
- -42.43%
- 5Y*
- —
- 10Y*
- —
XTZ-USD vs. DOT-USD - Yearly Performance Comparison
Correlation
The correlation between XTZ-USD and DOT-USD is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2021 | 0.20 |
Over the past year, XTZ-USD and DOT-USD have become more correlated (0.79) than their long-term average of 0.20, 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.
| XTZ-USD | DOT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.83 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.95 | +0.24 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.49 | +0.38 |
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
| XTZ-USD | DOT-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.64 | -0.87 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | -0.54 | +0.43 |
Drawdowns
XTZ-USD vs. DOT-USD - Drawdown Comparison
The maximum XTZ-USD drawdown since its inception was -97.68%, roughly equal to the maximum DOT-USD drawdown of -98.22%. 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 | -97.68% | -98.22% | +0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -77.13% | -78.97% | +1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -86.31% | -91.72% | +5.41% |
Max Drawdown (5Y)Largest decline over 5 years | -97.18% | — | — |
Current DrawdownCurrent decline from peak | -97.68% | -98.22% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -79.36% | -80.94% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.46% | 58.60% | -20.14% |
Volatility
XTZ-USD vs. DOT-USD - Volatility Comparison
Tezos (XTZ-USD) has a higher volatility of 21.55% compared to Polkadot (DOT-USD) at 16.71%. 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 | 21.55% | 16.71% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 49.28% | 58.60% | -9.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.47% | 71.61% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.00% | 72.88% | +5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.11% | 72.88% | +30.23% |
Frequently Asked Questions
XTZ-USD and DOT-USD have a correlation of 0.79, 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 (21.55%) compared to DOT-USD (16.71%). In terms of maximum drawdown, XTZ-USD dropped -97.68% vs DOT-USD's -98.22%.
XTZ-USD currently has the higher Sharpe Ratio (-0.64 vs -0.87), 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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