AAVE-USD vs. ETH-USD
Compare and contrast key facts about Aave (AAVE-USD) and Ethereum (ETH-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAVE-USD or ETH-USD.
Key characteristics
| AAVE-USD | ETH-USD | |
|---|---|---|
| YTD Return | -23.21% | 30.17% |
| 1Y Return | 21.05% | 58.75% |
| 3Y Return (Ann) | -44.29% | 0.20% |
| Sharpe Ratio | 0.89 | 2.33 |
| Daily Std Dev | 67.05% | 42.11% |
| Max Drawdown | -92.20% | -93.96% |
| Current Drawdown | -86.79% | -38.28% |
Correlation
The correlation between AAVE-USD and ETH-USD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AAVE-USD vs. ETH-USD - Performance Comparison
In the year-to-date period, AAVE-USD achieves a -23.21% return, which is significantly lower than ETH-USD's 30.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AAVE-USD vs. ETH-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Aave (AAVE-USD) and Ethereum (ETH-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.
Drawdowns
AAVE-USD vs. ETH-USD - Drawdown Comparison
The maximum AAVE-USD drawdown since its inception was -92.20%, roughly equal to the maximum ETH-USD drawdown of -93.96%. Use the drawdown chart below to compare losses from any high point for AAVE-USD and ETH-USD. For additional features, visit the drawdowns tool.
Volatility
AAVE-USD vs. ETH-USD - Volatility Comparison
Aave (AAVE-USD) has a higher volatility of 33.23% compared to Ethereum (ETH-USD) at 19.56%. This indicates that AAVE-USD's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.