AAVE-USD vs. SNX-USD
AAVE-USD (Aave) and SNX-USD (SynthetixNetworkToken) are both cryptocurrencies. Over the past 5 years, AAVE-USD returned -27.28%/yr vs -51.65%/yr for SNX-USD. A 0.71 correlation means they provide meaningful diversification when combined.
Performance
AAVE-USD vs. SNX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, AAVE-USD achieves a -55.84% return, which is significantly lower than SNX-USD's -41.15% return.
AAVE-USD
- 1D
- 0.14%
- 1M
- -33.18%
- YTD
- -55.84%
- 6M
- -66.36%
- 1Y
- -78.11%
- 3Y*
- 5.36%
- 5Y*
- -27.28%
- 10Y*
- —
SNX-USD
- 1D
- -1.52%
- 1M
- -26.89%
- YTD
- -41.15%
- 6M
- -47.32%
- 1Y
- -62.65%
- 3Y*
- -48.93%
- 5Y*
- -51.65%
- 10Y*
- —
AAVE-USD vs. SNX-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AAVE-USD Aave | -55.84% | -52.70% | 183.76% | 109.27% | -79.56% | 186.69% | 17,045.98% |
SNX-USD SynthetixNetworkToken | -41.15% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 55.92% |
Correlation
The correlation between AAVE-USD and SNX-USD is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.71 |
The correlation between AAVE-USD and SNX-USD has been stable across timeframes, ranging from 0.69 to 0.71 - a consistent structural relationship.
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Return for Risk
AAVE-USD vs. SNX-USD — Risk / Return Rank
AAVE-USD
SNX-USD
AAVE-USD vs. SNX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aave (AAVE-USD) and SynthetixNetworkToken (SNX-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 | SNX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.98 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.70 | -0.24 |
| Martin ratioReturn relative to average drawdown | -1.51 | -0.95 | -0.55 |
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Drawdowns
AAVE-USD vs. SNX-USD - Drawdown Comparison
The maximum AAVE-USD drawdown since its inception was -92.10%, smaller than the maximum SNX-USD drawdown of -99.14%. Use the drawdown chart below to compare losses from any high point for AAVE-USD and SNX-USD.
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Drawdown Indicators
| AAVE-USD | SNX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.10% | -99.14% | +7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -82.96% | -89.83% | +6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -84.08% | -95.44% | +11.36% |
Max Drawdown (5Y)Largest decline over 5 years | -88.40% | -98.45% | +10.05% |
Current DrawdownCurrent decline from peak | -89.76% | -99.11% | +9.35% |
Average DrawdownAverage peak-to-trough decline | -68.48% | -72.96% | +4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.76% | 78.82% | -24.06% |
Volatility
AAVE-USD vs. SNX-USD - Volatility Comparison
Aave (AAVE-USD) has a higher volatility of 19.32% compared to SynthetixNetworkToken (SNX-USD) at 17.89%. This indicates that AAVE-USD's price experiences larger fluctuations and is considered to be riskier than SNX-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 | SNX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.32% | 17.89% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 57.47% | 58.61% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.50% | 116.09% | -46.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.99% | 100.95% | -17.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,547.74% | 117.45% | +3,430.29% |
Frequently Asked Questions
AAVE-USD and SNX-USD have a correlation of 0.71, 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 (19.32%) compared to SNX-USD (17.89%). In terms of maximum drawdown, AAVE-USD dropped -92.10% vs SNX-USD's -99.14%.
SNX-USD currently has the higher Sharpe Ratio (-0.45 vs -0.93), 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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