ALGO-USD vs. AVAX-USD
ALGO-USD (Algorand) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 5 years, ALGO-USD returned -36.36%/yr vs -9.25%/yr for AVAX-USD. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
ALGO-USD vs. AVAX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ALGO-USD achieves a -24.43% return, which is significantly higher than AVAX-USD's -46.42% return.
ALGO-USD
- 1D
- 1.16%
- 1M
- -15.88%
- 6M
- -35.98%
- YTD
- -24.43%
- 1Y
- -73.84%
- 3Y*
- -9.91%
- 5Y*
- -36.36%
- 10Y*
- —
AVAX-USD
- 1D
- 1.23%
- 1M
- -2.51%
- 6M
- -51.47%
- YTD
- -46.42%
- 1Y
- -72.46%
- 3Y*
- -21.86%
- 5Y*
- -9.25%
- 10Y*
- —
ALGO-USD vs. AVAX-USD - Yearly Performance Comparison
Correlation
The correlation between ALGO-USD and AVAX-USD is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.69 |
The correlation between ALGO-USD and AVAX-USD has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
ALGO-USD vs. AVAX-USD — Risk / Return Rank
ALGO-USD
AVAX-USD
ALGO-USD vs. AVAX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Algorand (ALGO-USD) and Avalanche (AVAX-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.
| ALGO-USD | AVAX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.83 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.87 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.19 | -0.16 |
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Drawdowns
ALGO-USD vs. AVAX-USD - Drawdown Comparison
The maximum ALGO-USD drawdown since its inception was -97.53%, roughly equal to the maximum AVAX-USD drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for ALGO-USD and AVAX-USD.
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Drawdown Indicators
| ALGO-USD | AVAX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.53% | -95.65% | -1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -72.80% | -83.27% | +10.47% |
Max Drawdown (3Y)Largest decline over 3 years | -84.09% | -90.29% | +6.20% |
Max Drawdown (5Y)Largest decline over 5 years | -96.59% | -95.65% | -0.94% |
Current DrawdownCurrent decline from peak | -97.46% | -95.13% | -2.33% |
Average DrawdownAverage peak-to-trough decline | -87.15% | -70.59% | -16.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.19% | 46.16% | -2.97% |
Volatility
ALGO-USD vs. AVAX-USD - Volatility Comparison
The current volatility for Algorand (ALGO-USD) is 14.74%, while Avalanche (AVAX-USD) has a volatility of 18.05%. This indicates that ALGO-USD experiences smaller price fluctuations and is considered to be less risky than AVAX-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALGO-USD | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.74% | 18.05% | -3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 53.57% | 46.99% | +6.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.58% | 64.97% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.58% | 83.57% | -3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.86% | 96.19% | -3.33% |
Frequently Asked Questions
ALGO-USD and AVAX-USD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVAX-USD has higher volatility (18.05%) compared to ALGO-USD (14.74%). In terms of maximum drawdown, ALGO-USD dropped -97.53% vs AVAX-USD's -95.65%.
AVAX-USD currently has the higher Sharpe Ratio (-0.93 vs -0.95), 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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