AVAX-USD vs. AAVE-USD
AVAX-USD (Avalanche) and AAVE-USD (Aave) are both cryptocurrencies. Over the past 5 years, AVAX-USD returned -15.25%/yr vs -27.79%/yr for AAVE-USD. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
AVAX-USD vs. AAVE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, AVAX-USD achieves a -35.12% return, which is significantly higher than AAVE-USD's -49.71% return.
AVAX-USD
- 1D
- -2.30%
- 1M
- -13.07%
- YTD
- -35.12%
- 6M
- -46.04%
- 1Y
- -62.29%
- 3Y*
- -18.59%
- 5Y*
- -15.25%
- 10Y*
- —
AAVE-USD
- 1D
- -0.27%
- 1M
- -20.52%
- YTD
- -49.71%
- 6M
- -62.98%
- 1Y
- -72.50%
- 3Y*
- 5.32%
- 5Y*
- -27.79%
- 10Y*
- —
AVAX-USD vs. AAVE-USD - Yearly Performance Comparison
Correlation
The correlation between AVAX-USD and AAVE-USD is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2020 | 0.66 |
The correlation between AVAX-USD and AAVE-USD shifts across timeframes, from 0.66 (3 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AVAX-USD vs. AAVE-USD — Risk / Return Rank
AVAX-USD
AAVE-USD
AVAX-USD vs. AAVE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avalanche (AVAX-USD) and Aave (AAVE-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.
| AVAX-USD | AAVE-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.79 | -0.86 | +0.07 |
Sortino ratioReturn per unit of downside risk | -1.12 | -1.51 | +0.39 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.86 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.91 | +0.11 |
Martin ratioReturn relative to average drawdown | -1.15 | -1.44 | +0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVAX-USD | AAVE-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | -0.86 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | -0.28 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.03 | +0.04 |
Drawdowns
AVAX-USD vs. AAVE-USD - Drawdown Comparison
The maximum AVAX-USD drawdown since its inception was -94.10%, roughly equal to the maximum AAVE-USD drawdown of -92.10%. Use the drawdown chart below to compare losses from any high point for AVAX-USD and AAVE-USD.
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Drawdown Indicators
| AVAX-USD | AAVE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.10% | -92.10% | -2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -77.33% | -79.51% | +2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -86.85% | -80.85% | -6.00% |
Max Drawdown (5Y)Largest decline over 5 years | -94.10% | -88.40% | -5.70% |
Current DrawdownCurrent decline from peak | -94.10% | -88.34% | -5.76% |
Average DrawdownAverage peak-to-trough decline | -70.10% | -68.42% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.72% | 52.71% | +8.01% |
Volatility
AVAX-USD vs. AAVE-USD - Volatility Comparison
The current volatility for Avalanche (AVAX-USD) is 14.00%, while Aave (AAVE-USD) has a volatility of 15.42%. This indicates that AVAX-USD experiences smaller price fluctuations and is considered to be less risky than AAVE-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVAX-USD | AAVE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.00% | 15.42% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 47.04% | 56.38% | -9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.64% | 70.05% | -4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.49% | 83.04% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.86% | 3,556.29% | -3,459.43% |
Frequently Asked Questions
AVAX-USD and AAVE-USD have a correlation of 0.77, 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 (15.42%) compared to AVAX-USD (14.00%). In terms of maximum drawdown, AVAX-USD dropped -94.10% vs AAVE-USD's -92.10%.
AVAX-USD currently has the higher Sharpe Ratio (-0.79 vs -0.86), 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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