AAVE-USD vs. AVAX-USD
AAVE-USD (Aave) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 5 years, AAVE-USD returned -15.24%/yr vs -9.58%/yr for AVAX-USD. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
AAVE-USD vs. AVAX-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAVE-USD achieves a -43.82% return, which is significantly higher than AVAX-USD's -49.51% return.
AAVE-USD
- 1D
- 2.15%
- 1M
- -4.40%
- YTD
- -43.82%
- 6M
- -45.03%
- 1Y
- -68.02%
- 3Y*
- 9.01%
- 5Y*
- -15.24%
- 10Y*
- —
AVAX-USD
- 1D
- -3.42%
- 1M
- -31.98%
- YTD
- -49.51%
- 6M
- -48.59%
- 1Y
- -64.68%
- 3Y*
- -22.15%
- 5Y*
- -9.58%
- 10Y*
- —
AAVE-USD vs. AVAX-USD - Yearly Performance Comparison
Correlation
The correlation between AAVE-USD and AVAX-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 | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.66 |
The correlation between AAVE-USD and AVAX-USD has been stable across timeframes, ranging from 0.65 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAVE-USD vs. AVAX-USD — Risk / Return Rank
AAVE-USD
AVAX-USD
AAVE-USD vs. AVAX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aave (AAVE-USD) and Avalanche (AVAX-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 | AVAX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.88 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.78 | -0.04 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.13 | -0.14 |
Loading charts...
Drawdowns
AAVE-USD vs. AVAX-USD - Drawdown Comparison
The maximum AAVE-USD drawdown since its inception was -92.10%, roughly equal to the maximum AVAX-USD drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for AAVE-USD and AVAX-USD.
Loading charts...
Drawdown Indicators
| AAVE-USD | AVAX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.10% | -95.65% | +3.55% |
Max Drawdown (1Y)Largest decline over 1 year | -82.96% | -83.27% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -84.08% | -90.29% | +6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -88.40% | -95.65% | +7.25% |
Current DrawdownCurrent decline from peak | -86.97% | -95.41% | +8.44% |
Average DrawdownAverage peak-to-trough decline | -68.60% | -70.33% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.54% | 48.58% | -0.04% |
Volatility
AAVE-USD vs. AVAX-USD - Volatility Comparison
Aave (AAVE-USD) has a higher volatility of 24.80% compared to Avalanche (AVAX-USD) at 21.65%. This indicates that AAVE-USD's price experiences larger fluctuations and is considered to be riskier than AVAX-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAVE-USD | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.80% | 21.65% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 57.74% | 48.22% | +9.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.50% | 65.79% | +3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.34% | 83.81% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,536.70% | 96.60% | +3,440.10% |
Frequently Asked Questions
AAVE-USD and AVAX-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.
AAVE-USD has higher volatility (24.80%) compared to AVAX-USD (21.65%). In terms of maximum drawdown, AAVE-USD dropped -92.10% vs AVAX-USD's -95.65%.
AAVE-USD currently has the higher Sharpe Ratio (-0.81 vs -0.82), 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.
Find the right allocation for AAVE-USD and AVAX-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer