AAVE-USD vs. DOT-USD
AAVE-USD (Aave) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 3 years, AAVE-USD returned 0.59%/yr vs -42.43%/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 -56.87% return, which is significantly lower than DOT-USD's -46.41% return.
AAVE-USD
- 1D
- -11.74%
- 1M
- -33.35%
- YTD
- -56.87%
- 6M
- -65.75%
- 1Y
- -74.01%
- 3Y*
- 0.59%
- 5Y*
- -29.68%
- 10Y*
- —
DOT-USD
- 1D
- -7.65%
- 1M
- -27.34%
- YTD
- -46.41%
- 6M
- -54.95%
- 1Y
- -74.90%
- 3Y*
- -42.43%
- 5Y*
- —
- 10Y*
- —
AAVE-USD vs. DOT-USD - Yearly Performance Comparison
Correlation
The correlation between AAVE-USD and DOT-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 | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2021 | 0.20 |
Over the past year, AAVE-USD and DOT-USD have become more correlated (0.76) 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.
| AAVE-USD | DOT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.83 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.95 | +0.05 |
| Martin ratioReturn relative to average drawdown | -1.46 | -1.49 | +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 | -0.87 | -0.87 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | -0.54 | +0.57 |
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 -98.22%. 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% | -98.22% | +6.12% |
Max Drawdown (1Y)Largest decline over 1 year | -82.43% | -78.97% | -3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -83.58% | -91.72% | +8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -88.40% | — | — |
Current DrawdownCurrent decline from peak | -90.00% | -98.22% | +8.22% |
Average DrawdownAverage peak-to-trough decline | -68.44% | -80.94% | +12.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.16% | 58.60% | -5.44% |
Volatility
AAVE-USD vs. DOT-USD - Volatility Comparison
Aave (AAVE-USD) has a higher volatility of 19.39% compared to Polkadot (DOT-USD) at 16.71%. 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 | 19.39% | 16.71% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 57.58% | 58.60% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.70% | 71.61% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.12% | 72.88% | +10.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,554.58% | 72.88% | +3,481.70% |
Frequently Asked Questions
AAVE-USD and DOT-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 (19.39%) compared to DOT-USD (16.71%). In terms of maximum drawdown, AAVE-USD dropped -92.10% vs DOT-USD's -98.22%.
DOT-USD currently has the higher Sharpe Ratio (-0.87 vs -0.87), 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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