AAVE-USD vs. MSFT
AAVE-USD (Aave) is a cryptocurrency, while MSFT (Microsoft Corporation) is a stock. Over the past 5 years, AAVE-USD returned -18.66%/yr vs 7.62%/yr for MSFT. At a 0.20 correlation, their price movements are largely independent.
Performance
AAVE-USD vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, AAVE-USD achieves a -33.71% return, which is significantly lower than MSFT's -20.02% return.
AAVE-USD
- 1D
- -1.43%
- 1M
- 50.54%
- 6M
- -42.37%
- YTD
- -33.71%
- 1Y
- -68.03%
- 3Y*
- 6.85%
- 5Y*
- -18.66%
- 10Y*
- —
MSFT
- 1D
- 0.19%
- 1M
- -1.44%
- 6M
- -19.29%
- YTD
- -20.02%
- 1Y
- -22.88%
- 3Y*
- 5.84%
- 5Y*
- 7.62%
- 10Y*
- 23.40%
AAVE-USD vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AAVE-USD Aave | -33.71% | -52.70% | 183.76% | 109.27% | -79.56% | 186.69% | 17,045.98% |
MSFT Microsoft Corporation | -20.02% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 4.96% |
Correlation
The correlation between AAVE-USD and MSFT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.20 |
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Return for Risk
AAVE-USD vs. MSFT — Risk / Return Rank
AAVE-USD
MSFT
AAVE-USD vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aave (AAVE-USD) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.86 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.66 | -0.16 |
| Martin ratioReturn relative to average drawdown | -1.21 | -1.24 | +0.03 |
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Drawdowns
AAVE-USD vs. MSFT - Drawdown Comparison
The maximum AAVE-USD drawdown since its inception was -92.10%, which is greater than MSFT's maximum drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for AAVE-USD and MSFT.
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Drawdown Indicators
| AAVE-USD | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.10% | -69.38% | -22.72% |
Max Drawdown (1Y)Largest decline over 1 year | -82.96% | -34.50% | -48.46% |
Max Drawdown (3Y)Largest decline over 3 years | -84.08% | -34.50% | -49.58% |
Max Drawdown (5Y)Largest decline over 5 years | -88.40% | -37.15% | -51.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.15% | — |
Current DrawdownCurrent decline from peak | -84.63% | -28.51% | -56.12% |
Average DrawdownAverage peak-to-trough decline | -68.74% | -21.80% | -46.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.77% | 18.28% | +30.49% |
Volatility
AAVE-USD vs. MSFT - Volatility Comparison
Aave (AAVE-USD) has a higher volatility of 24.45% compared to Microsoft Corporation (MSFT) at 10.57%. This indicates that AAVE-USD's price experiences larger fluctuations and is considered to be riskier than MSFT 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 | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.45% | 10.57% | +13.88% |
Volatility (6M)Calculated over the trailing 6-month period | 59.34% | 24.20% | +35.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.37% | 27.08% | +43.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.09% | 27.00% | +55.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,522.43% | 27.16% | +3,495.27% |
Frequently Asked Questions
AAVE-USD and MSFT have a correlation of 0.16, 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 (24.45%) compared to MSFT (10.57%). In terms of maximum drawdown, AAVE-USD dropped -92.10% vs MSFT's -69.38%.
AAVE-USD currently has the higher Sharpe Ratio (-0.80 vs -0.84), 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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