AAVE-USD vs. DOT-USD
AAVE-USD (Aave) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 3 years, AAVE-USD returned 5.32%/yr vs -40.00%/yr for DOT-USD. At a 0.19 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 -49.71% return, which is significantly lower than DOT-USD's -38.72% 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*
- —
DOT-USD
- 1D
- 1.69%
- 1M
- -10.83%
- YTD
- -38.72%
- 6M
- -53.72%
- 1Y
- -73.55%
- 3Y*
- -40.00%
- 5Y*
- —
- 10Y*
- —
AAVE-USD vs. DOT-USD - Yearly Performance Comparison
Correlation
The correlation between AAVE-USD and DOT-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 | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2021 | 0.19 |
Over the past year, AAVE-USD and DOT-USD have become more correlated (0.75) than their long-term average of 0.19, 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.
| AAVE-USD | DOT-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.86 | -0.86 | 0.00 |
Sortino ratioReturn per unit of downside risk | -1.51 | -1.72 | +0.20 |
Omega ratioGain probability vs. loss probability | 0.86 | 0.84 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.96 | +0.05 |
Martin ratioReturn relative to average drawdown | -1.44 | -1.47 | +0.03 |
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 | DOT-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.86 | -0.86 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | -0.52 | +0.56 |
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 -98.00%. 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% | -98.00% | +5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -79.51% | -76.35% | -3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -80.85% | -90.68% | +9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -88.40% | — | — |
Current DrawdownCurrent decline from peak | -88.34% | -97.97% | +9.63% |
Average DrawdownAverage peak-to-trough decline | -68.42% | -80.93% | +12.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.71% | 58.20% | -5.49% |
Volatility
AAVE-USD vs. DOT-USD - Volatility Comparison
Aave (AAVE-USD) and Polkadot (DOT-USD) have volatilities of 15.42% and 15.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 15.42% | 15.10% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 56.38% | 58.25% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.05% | 71.22% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.04% | 72.83% | +10.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,556.29% | 72.83% | +3,483.46% |
Frequently Asked Questions
AAVE-USD and DOT-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 (15.42%) compared to DOT-USD (15.10%). In terms of maximum drawdown, AAVE-USD dropped -92.10% vs DOT-USD's -98.00%.
DOT-USD currently has the higher Sharpe Ratio (-0.86 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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