AAVE-USD vs. BCH-USD
AAVE-USD (Aave) and BCH-USD (Bitcoin Cash) are both cryptocurrencies. Over the past 5 years, AAVE-USD returned -18.93%/yr vs -12.52%/yr for BCH-USD. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
AAVE-USD vs. BCH-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 BCH-USD's -63.12% 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%
BCH-USD
- 1D
- 2.68%
- 1M
- 10.43%
- 6M
- -62.16%
- YTD
- -63.12%
- 1Y
- -59.72%
- 3Y*
- -3.56%
- 5Y*
- -12.52%
- 10Y*
- —
- ALL TIME*
- -9.76%
AAVE-USD vs. BCH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AAVE-USD Aave | -37.71% | -52.70% | 183.76% | 109.27% | -79.56% | 186.69% | 17,045.98% |
BCH-USD Bitcoin Cash | -63.12% | 38.15% | 66.88% | 167.70% | -77.45% | 25.69% | 50.09% |
Correlation
The correlation between AAVE-USD and BCH-USD is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.59 |
The correlation between AAVE-USD and BCH-USD has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.
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Return for Risk
AAVE-USD vs. BCH-USD — Risk / Return Rank
AAVE-USD
BCH-USD
AAVE-USD vs. BCH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aave (AAVE-USD) and Bitcoin Cash (BCH-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 | BCH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.87 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.84 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.88 | +0.63 |
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Drawdowns
AAVE-USD vs. BCH-USD - Drawdown Comparison
The maximum AAVE-USD drawdown since its inception was -92.10%, smaller than the maximum BCH-USD drawdown of -97.96%. Use the drawdown chart below to compare losses from any high point for AAVE-USD and BCH-USD.
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Drawdown Indicators
| AAVE-USD | BCH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.10% | -97.96% | +5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -82.96% | -70.92% | -12.04% |
Max Drawdown (3Y)Largest decline over 3 years | -84.08% | -72.60% | -11.48% |
Max Drawdown (5Y)Largest decline over 5 years | -88.40% | -88.64% | +0.24% |
Current DrawdownCurrent decline from peak | -85.55% | -94.11% | +8.56% |
Average DrawdownAverage peak-to-trough decline | -68.80% | -86.17% | +17.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.64% | 36.98% | +8.66% |
Volatility
AAVE-USD vs. BCH-USD - Volatility Comparison
Aave (AAVE-USD) has a higher volatility of 24.46% compared to Bitcoin Cash (BCH-USD) at 14.67%. This indicates that AAVE-USD's price experiences larger fluctuations and is considered to be riskier than BCH-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 | BCH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.46% | 14.67% | +9.79% |
Volatility (6M)Calculated over the trailing 6-month period | 59.05% | 50.12% | +8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.50% | 57.69% | +12.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.96% | 69.67% | +12.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,515.77% | 97.46% | +3,418.31% |
Frequently Asked Questions
AAVE-USD and BCH-USD have a correlation of 0.54, 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 BCH-USD (14.67%). In terms of maximum drawdown, AAVE-USD dropped -92.10% vs BCH-USD's -97.96%.
AAVE-USD currently has the higher Sharpe Ratio (-0.85 vs -0.86), 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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