AAVE-USD vs. DOT-USD
AAVE-USD (Aave) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 5 years, AAVE-USD returned -18.43%/yr vs -41.55%/yr for DOT-USD. At a 0.20 correlation, their price movements are largely independent.
Performance
AAVE-USD vs. DOT-USD - Performance Comparison
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Returns By Period
In the year-to-date period, AAVE-USD achieves a -37.29% return, which is significantly higher than DOT-USD's -51.59% return.
AAVE-USD
- 1D
- -4.48%
- 1M
- 20.55%
- 6M
- -46.78%
- YTD
- -37.29%
- 1Y
- -71.74%
- 3Y*
- 6.72%
- 5Y*
- -18.43%
- 10Y*
- —
DOT-USD
- 1D
- 2.25%
- 1M
- -14.53%
- 6M
- -59.12%
- YTD
- -51.59%
- 1Y
- -79.22%
- 3Y*
- -44.93%
- 5Y*
- -41.55%
- 10Y*
- —
AAVE-USD vs. DOT-USD - Yearly Performance Comparison
Correlation
The correlation between AAVE-USD and DOT-USD is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.20 |
Over the past year, AAVE-USD and DOT-USD have become more correlated (0.72) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
AAVE-USD vs. DOT-USD — Risk / Return Rank
AAVE-USD
DOT-USD
AAVE-USD vs. DOT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aave (AAVE-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.
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 | DOT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.80 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.96 | +0.10 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.39 | +0.13 |
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Drawdowns
AAVE-USD vs. DOT-USD - Drawdown Comparison
The maximum AAVE-USD drawdown since its inception was -92.10%, smaller than the maximum DOT-USD drawdown of -98.50%. Use the drawdown chart below to compare losses from any high point for AAVE-USD and DOT-USD.
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Drawdown Indicators
| AAVE-USD | DOT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.10% | -98.50% | +6.40% |
Max Drawdown (1Y)Largest decline over 1 year | -82.96% | -82.23% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -84.08% | -93.00% | +8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -88.40% | -98.50% | +10.10% |
Current DrawdownCurrent decline from peak | -85.46% | -98.40% | +12.94% |
Average DrawdownAverage peak-to-trough decline | -68.77% | -81.38% | +12.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.32% | 55.08% | -5.76% |
Volatility
AAVE-USD vs. DOT-USD - Volatility Comparison
Aave (AAVE-USD) has a higher volatility of 24.74% compared to Polkadot (DOT-USD) at 13.52%. This indicates that AAVE-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
| AAVE-USD | DOT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.74% | 13.52% | +11.22% |
Volatility (6M)Calculated over the trailing 6-month period | 59.16% | 54.45% | +4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.49% | 70.36% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.02% | 71.70% | +10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,519.10% | 72.31% | +3,446.79% |
Frequently Asked Questions
AAVE-USD and DOT-USD have a correlation of 0.72, 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 (24.74%) compared to DOT-USD (13.52%). In terms of maximum drawdown, AAVE-USD dropped -92.10% vs DOT-USD's -98.50%.
AAVE-USD currently has the higher Sharpe Ratio (-0.85 vs -0.94), 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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