AAVE-USD vs. ADA-USD
AAVE-USD (Aave) and ADA-USD (Cardano) are both cryptocurrencies. Over the past 5 years, AAVE-USD returned -18.93%/yr vs -31.96%/yr for ADA-USD. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
AAVE-USD vs. ADA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, AAVE-USD achieves a -37.71% return, which is significantly higher than ADA-USD's -48.72% return.
AAVE-USD
- 1D
- 1.42%
- 1M
- 19.57%
- 6M
- -44.58%
- YTD
- -37.71%
- 1Y
- -72.02%
- 3Y*
- 6.82%
- 5Y*
- -18.93%
- 10Y*
- —
- ALL TIME*
- 143.96%
ADA-USD
- 1D
- 2.71%
- 1M
- 4.72%
- 6M
- -53.88%
- YTD
- -48.72%
- 1Y
- -80.11%
- 3Y*
- -18.32%
- 5Y*
- -31.96%
- 10Y*
- —
- ALL TIME*
- 24.64%
AAVE-USD vs. ADA-USD - Yearly Performance Comparison
Correlation
The correlation between AAVE-USD and ADA-USD is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.66 |
The correlation between AAVE-USD and ADA-USD has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.
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Return for Risk
AAVE-USD vs. ADA-USD — Risk / Return Rank
AAVE-USD
ADA-USD
AAVE-USD vs. ADA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aave (AAVE-USD) and Cardano (ADA-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.
| AAVE-USD | ADA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.79 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.94 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.34 | +0.08 |
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Drawdowns
AAVE-USD vs. ADA-USD - Drawdown Comparison
The maximum AAVE-USD drawdown since its inception was -92.10%, smaller than the maximum ADA-USD drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for AAVE-USD and ADA-USD.
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Drawdown Indicators
| AAVE-USD | ADA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.10% | -97.85% | +5.75% |
Max Drawdown (1Y)Largest decline over 1 year | -82.96% | -85.07% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -84.08% | -88.33% | +4.25% |
Max Drawdown (5Y)Largest decline over 5 years | -88.40% | -95.16% | +6.76% |
Current DrawdownCurrent decline from peak | -85.55% | -94.25% | +8.70% |
Average DrawdownAverage peak-to-trough decline | -68.80% | -77.75% | +8.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.64% | 51.03% | -5.39% |
Volatility
AAVE-USD vs. ADA-USD - Volatility Comparison
Aave (AAVE-USD) has a higher volatility of 24.46% compared to Cardano (ADA-USD) at 20.98%. This indicates that AAVE-USD's price experiences larger fluctuations and is considered to be riskier than ADA-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAVE-USD | ADA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.46% | 20.98% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 59.05% | 52.04% | +7.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.50% | 64.17% | +6.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.96% | 74.60% | +7.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,515.77% | 102.79% | +3,412.98% |
Frequently Asked Questions
AAVE-USD and ADA-USD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAVE-USD has higher volatility (24.46%) compared to ADA-USD (20.98%). In terms of maximum drawdown, AAVE-USD dropped -92.10% vs ADA-USD's -97.85%.
AAVE-USD currently has the higher Sharpe Ratio (-0.85 vs -1.04), 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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