AVAX-USD vs. AAVE-USD
AVAX-USD (Avalanche) and AAVE-USD (Aave) are both cryptocurrencies. Over the past 5 years, AVAX-USD returned -9.03%/yr vs -15.88%/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
The year-to-date returns for both investments are quite close, with AVAX-USD having a -47.97% return and AAVE-USD slightly higher at -46.01%.
AVAX-USD
- 1D
- -1.23%
- 1M
- -31.18%
- YTD
- -47.97%
- 6M
- -47.06%
- 1Y
- -64.91%
- 3Y*
- -21.91%
- 5Y*
- -9.03%
- 10Y*
- —
AAVE-USD
- 1D
- 8.76%
- 1M
- -8.84%
- YTD
- -46.01%
- 6M
- -47.06%
- 1Y
- -70.22%
- 3Y*
- 4.55%
- 5Y*
- -15.88%
- 10Y*
- —
AVAX-USD vs. AAVE-USD - Yearly Performance Comparison
Correlation
The correlation between AVAX-USD and AAVE-USD is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.66 |
The correlation between AVAX-USD and AAVE-USD has been stable across timeframes, ranging from 0.65 to 0.75 - a consistent structural relationship.
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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.
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.
| AVAX-USD | AAVE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.87 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.85 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.13 | -1.31 | +0.17 |
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Drawdowns
AVAX-USD vs. AAVE-USD - Drawdown Comparison
The maximum AVAX-USD drawdown since its inception was -95.65%, 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 | -95.65% | -92.10% | -3.55% |
Max Drawdown (1Y)Largest decline over 1 year | -83.27% | -82.96% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -90.29% | -84.08% | -6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -95.65% | -88.40% | -7.25% |
Current DrawdownCurrent decline from peak | -95.27% | -87.48% | -7.79% |
Average DrawdownAverage peak-to-trough decline | -70.32% | -68.59% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.69% | 48.36% | +0.33% |
Volatility
AVAX-USD vs. AAVE-USD - Volatility Comparison
The current volatility for Avalanche (AVAX-USD) is 21.53%, while Aave (AAVE-USD) has a volatility of 23.93%. 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 | 21.53% | 23.93% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 48.12% | 57.38% | -9.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.74% | 69.31% | -3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.90% | 82.42% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.62% | 3,537.55% | -3,440.93% |
Frequently Asked Questions
AVAX-USD and AAVE-USD have a correlation of 0.75, 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 (23.93%) compared to AVAX-USD (21.53%). In terms of maximum drawdown, AVAX-USD dropped -95.65% vs AAVE-USD's -92.10%.
AVAX-USD currently has the higher Sharpe Ratio (-0.82 vs -0.84), 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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