AAVE-USD vs. DOGE-USD
AAVE-USD (Aave) and DOGE-USD (Dogecoin) are both cryptocurrencies. Over the past 5 years, AAVE-USD returned -27.79%/yr vs -24.81%/yr for DOGE-USD. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
AAVE-USD vs. DOGE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, AAVE-USD achieves a -49.71% return, which is significantly lower than DOGE-USD's -22.77% return.
AAVE-USD
- 1D
- -0.27%
- 1M
- -20.52%
- YTD
- -49.71%
- 6M
- -62.98%
- 1Y
- -72.50%
- 3Y*
- 5.32%
- 5Y*
- -27.79%
- 10Y*
- —
DOGE-USD
- 1D
- -2.19%
- 1M
- -17.74%
- YTD
- -22.77%
- 6M
- -40.29%
- 1Y
- -53.14%
- 3Y*
- 7.70%
- 5Y*
- -24.81%
- 10Y*
- —
AAVE-USD vs. DOGE-USD - Yearly Performance Comparison
Correlation
The correlation between AAVE-USD and DOGE-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 | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2020 | 0.58 |
The correlation between AAVE-USD and DOGE-USD shifts across timeframes, from 0.58 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AAVE-USD vs. DOGE-USD — Risk / Return Rank
AAVE-USD
DOGE-USD
AAVE-USD vs. DOGE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aave (AAVE-USD) and Dogecoin (DOGE-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.
| AAVE-USD | DOGE-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.86 | -0.67 | -0.19 |
Sortino ratioReturn per unit of downside risk | -1.51 | -0.79 | -0.72 |
Omega ratioGain probability vs. loss probability | 0.86 | 0.92 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.76 | -0.15 |
Martin ratioReturn relative to average drawdown | -1.44 | -1.11 | -0.33 |
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
| AAVE-USD | DOGE-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.86 | -0.67 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | -0.26 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.12 | -0.09 |
Drawdowns
AAVE-USD vs. DOGE-USD - Drawdown Comparison
The maximum AAVE-USD drawdown since its inception was -92.10%, roughly equal to the maximum DOGE-USD drawdown of -92.29%. Use the drawdown chart below to compare losses from any high point for AAVE-USD and DOGE-USD.
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Drawdown Indicators
| AAVE-USD | DOGE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.10% | -92.29% | +0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -79.51% | -69.49% | -10.02% |
Max Drawdown (3Y)Largest decline over 3 years | -80.85% | -81.08% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -88.40% | -85.79% | -2.61% |
Current DrawdownCurrent decline from peak | -88.34% | -86.78% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -68.42% | -75.11% | +6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.71% | 53.01% | -0.30% |
Volatility
AAVE-USD vs. DOGE-USD - Volatility Comparison
Aave (AAVE-USD) has a higher volatility of 15.42% compared to Dogecoin (DOGE-USD) at 13.82%. This indicates that AAVE-USD's price experiences larger fluctuations and is considered to be riskier than DOGE-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 | DOGE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.42% | 13.82% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 56.38% | 48.40% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.05% | 66.01% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.04% | 79.03% | +4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,556.29% | 761.60% | +2,794.69% |
Frequently Asked Questions
AAVE-USD and DOGE-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 (15.42%) compared to DOGE-USD (13.82%). In terms of maximum drawdown, AAVE-USD dropped -92.10% vs DOGE-USD's -92.29%.
DOGE-USD currently has the higher Sharpe Ratio (-0.67 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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