AAVE-USD vs. SNX-USD
AAVE-USD (Aave) and SNX-USD (SynthetixNetworkToken) are both cryptocurrencies. Over the past 5 years, AAVE-USD returned -18.93%/yr vs -50.94%/yr for SNX-USD. A 0.70 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 -37.71% return, which is significantly higher than SNX-USD's -41.22% return.
AAVE-USD
- 1D
- 1.42%
- 1M
- 19.57%
- 6M
- -44.58%
- YTD
- -37.71%
- 1Y
- -72.02%
- 3Y*
- 6.82%
- 5Y*
- -18.93%
- 10Y*
- —
- ALL TIME*
- 143.96%
SNX-USD
- 1D
- 3.88%
- 1M
- -0.82%
- 6M
- -44.98%
- YTD
- -41.22%
- 1Y
- -67.56%
- 3Y*
- -56.81%
- 5Y*
- -50.94%
- 10Y*
- —
- ALL TIME*
- -7.30%
AAVE-USD vs. SNX-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AAVE-USD Aave | -37.71% | -52.70% | 183.76% | 109.27% | -79.56% | 186.69% | 17,045.98% |
SNX-USD SynthetixNetworkToken | -41.22% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 55.92% |
Correlation
The correlation between AAVE-USD and SNX-USD is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.70 |
The correlation between AAVE-USD and SNX-USD has been stable across timeframes, ranging from 0.67 to 0.70 - 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 | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.97 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.74 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.26 | -0.94 | -0.32 |
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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 -99.26%. 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% | -99.26% | +7.16% |
Max Drawdown (1Y)Largest decline over 1 year | -82.96% | -91.23% | +8.27% |
Max Drawdown (3Y)Largest decline over 3 years | -84.08% | -96.06% | +11.98% |
Max Drawdown (5Y)Largest decline over 5 years | -88.40% | -98.66% | +10.26% |
Current DrawdownCurrent decline from peak | -85.55% | -99.11% | +13.56% |
Average DrawdownAverage peak-to-trough decline | -68.80% | -73.29% | +4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.64% | 56.05% | -10.41% |
Volatility
AAVE-USD vs. SNX-USD - Volatility Comparison
The current volatility for Aave (AAVE-USD) is 24.46%, while SynthetixNetworkToken (SNX-USD) has a volatility of 33.75%. This indicates that AAVE-USD experiences smaller price fluctuations and is considered to be less risky 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 | 24.46% | 33.75% | -9.29% |
Volatility (6M)Calculated over the trailing 6-month period | 59.05% | 61.68% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.50% | 117.73% | -47.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.96% | 99.60% | -17.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,515.77% | 117.14% | +3,398.63% |
Frequently Asked Questions
AAVE-USD and SNX-USD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNX-USD has higher volatility (33.75%) compared to AAVE-USD (24.46%). In terms of maximum drawdown, AAVE-USD dropped -92.10% vs SNX-USD's -99.26%.
SNX-USD currently has the higher Sharpe Ratio (-0.48 vs -0.85), 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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