AAVE-USD vs. THETA-USD
AAVE-USD (Aave) and THETA-USD (THETA) are both cryptocurrencies. Over the past 5 years, AAVE-USD returned -18.93%/yr vs -50.05%/yr for THETA-USD. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
AAVE-USD vs. THETA-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 THETA-USD's -48.52% 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%
THETA-USD
- 1D
- -0.12%
- 1M
- -13.81%
- 6M
- -53.79%
- YTD
- -48.52%
- 1Y
- -85.89%
- 3Y*
- -44.83%
- 5Y*
- -50.05%
- 10Y*
- —
- ALL TIME*
- -1.47%
AAVE-USD vs. THETA-USD - Yearly Performance Comparison
Correlation
The correlation between AAVE-USD and THETA-USD is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.58 |
The correlation between AAVE-USD and THETA-USD has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
AAVE-USD vs. THETA-USD — Risk / Return Rank
AAVE-USD
THETA-USD
AAVE-USD vs. THETA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aave (AAVE-USD) and THETA (THETA-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 | THETA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.75 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.99 | +0.12 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.29 | +0.04 |
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Drawdowns
AAVE-USD vs. THETA-USD - Drawdown Comparison
The maximum AAVE-USD drawdown since its inception was -92.10%, smaller than the maximum THETA-USD drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for AAVE-USD and THETA-USD.
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Drawdown Indicators
| AAVE-USD | THETA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.10% | -99.11% | +7.01% |
Max Drawdown (1Y)Largest decline over 1 year | -82.96% | -87.02% | +4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -84.08% | -96.33% | +12.25% |
Max Drawdown (5Y)Largest decline over 5 years | -88.40% | -98.62% | +10.22% |
Current DrawdownCurrent decline from peak | -85.55% | -99.05% | +13.50% |
Average DrawdownAverage peak-to-trough decline | -68.80% | -71.91% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.64% | 52.90% | -7.26% |
Volatility
AAVE-USD vs. THETA-USD - Volatility Comparison
Aave (AAVE-USD) has a higher volatility of 24.46% compared to THETA (THETA-USD) at 16.72%. This indicates that AAVE-USD's price experiences larger fluctuations and is considered to be riskier than THETA-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 | THETA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.46% | 16.72% | +7.74% |
Volatility (6M)Calculated over the trailing 6-month period | 59.05% | 52.58% | +6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.50% | 72.48% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.96% | 82.33% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,515.77% | 103.80% | +3,411.97% |
Frequently Asked Questions
AAVE-USD and THETA-USD have a correlation of 0.55, 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 (24.46%) compared to THETA-USD (16.72%). In terms of maximum drawdown, AAVE-USD dropped -92.10% vs THETA-USD's -99.11%.
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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