AAVE-USD vs. HBAR-USD
AAVE-USD (Aave) and HBAR-USD (HederaHashgraph) are both cryptocurrencies. Over the past 5 years, AAVE-USD returned -18.43%/yr vs -18.66%/yr for HBAR-USD. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
AAVE-USD vs. HBAR-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AAVE-USD having a -37.29% return and HBAR-USD slightly higher at -37.11%.
AAVE-USD
- 1D
- -4.48%
- 1M
- 20.55%
- 6M
- -46.78%
- YTD
- -37.29%
- 1Y
- -71.74%
- 3Y*
- 6.72%
- 5Y*
- -18.43%
- 10Y*
- —
HBAR-USD
- 1D
- -1.75%
- 1M
- -17.22%
- 6M
- -43.31%
- YTD
- -37.11%
- 1Y
- -71.75%
- 3Y*
- 8.72%
- 5Y*
- -18.66%
- 10Y*
- —
AAVE-USD vs. HBAR-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AAVE-USD Aave | -37.29% | -52.70% | 183.76% | 109.27% | -79.56% | 186.69% | 17,045.98% |
HBAR-USD HederaHashgraph | -37.11% | -60.44% | 212.23% | 135.51% | -87.44% | 812.76% | 4.73% |
Correlation
The correlation between AAVE-USD and HBAR-USD is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.61 |
The correlation between AAVE-USD and HBAR-USD has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.
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Return for Risk
AAVE-USD vs. HBAR-USD — Risk / Return Rank
AAVE-USD
HBAR-USD
AAVE-USD vs. HBAR-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aave (AAVE-USD) and HederaHashgraph (HBAR-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 | HBAR-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.82 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.93 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.27 | +0.01 |
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Drawdowns
AAVE-USD vs. HBAR-USD - Drawdown Comparison
The maximum AAVE-USD drawdown since its inception was -92.10%, smaller than the maximum HBAR-USD drawdown of -97.58%. Use the drawdown chart below to compare losses from any high point for AAVE-USD and HBAR-USD.
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Drawdown Indicators
| AAVE-USD | HBAR-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.10% | -97.58% | +5.48% |
Max Drawdown (1Y)Largest decline over 1 year | -82.96% | -77.19% | -5.77% |
Max Drawdown (3Y)Largest decline over 3 years | -84.08% | -82.25% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -88.40% | -92.79% | +4.39% |
Current DrawdownCurrent decline from peak | -85.46% | -86.80% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -68.77% | -74.65% | +5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.32% | 49.16% | +0.16% |
Volatility
AAVE-USD vs. HBAR-USD - Volatility Comparison
Aave (AAVE-USD) has a higher volatility of 24.74% compared to HederaHashgraph (HBAR-USD) at 12.48%. This indicates that AAVE-USD's price experiences larger fluctuations and is considered to be riskier than HBAR-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 | HBAR-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.74% | 12.48% | +12.26% |
Volatility (6M)Calculated over the trailing 6-month period | 59.16% | 40.53% | +18.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.49% | 60.07% | +10.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.02% | 84.60% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,519.10% | 107.94% | +3,411.16% |
Frequently Asked Questions
AAVE-USD and HBAR-USD have a correlation of 0.70, 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 HBAR-USD (12.48%). In terms of maximum drawdown, AAVE-USD dropped -92.10% vs HBAR-USD's -97.58%.
AAVE-USD currently has the higher Sharpe Ratio (-0.85 vs -0.99), 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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