AAVE-USD vs. MATIC-USD
Compare and contrast key facts about Aave (AAVE-USD) and Polygon USD (MATIC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAVE-USD or MATIC-USD.
Correlation
The correlation between AAVE-USD and MATIC-USD is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AAVE-USD vs. MATIC-USD - Performance Comparison
Key characteristics
Returns By Period
AAVE-USD
-46.00%
-9.77%
16.88%
86.12%
N/A
N/A
MATIC-USD
N/A
N/A
N/A
N/A
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
AAVE-USD vs. MATIC-USD — Risk-Adjusted Performance Rank
AAVE-USD
MATIC-USD
AAVE-USD vs. MATIC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Aave (AAVE-USD) and Polygon USD (MATIC-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. MATIC-USD - Drawdown Comparison
Volatility
AAVE-USD vs. MATIC-USD - Volatility Comparison
Aave (AAVE-USD) has a higher volatility of 32.66% compared to Polygon USD (MATIC-USD) at 0.00%. This indicates that AAVE-USD's price experiences larger fluctuations and is considered to be riskier than MATIC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.