AVAX-USD vs. ADA-USD
AVAX-USD (Avalanche) and ADA-USD (Cardano) are both cryptocurrencies. Over the past 5 years, AVAX-USD returned -13.80%/yr vs -33.26%/yr for ADA-USD. Their 0.72 correlation means they have sometimes moved together and sometimes differently.
Performance
AVAX-USD vs. ADA-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 -49.67% return and ADA-USD slightly higher at -47.97%.
AVAX-USD
- 1D
- -2.83%
- 1M
- -8.84%
- 6M
- -38.77%
- YTD
- -49.67%
- 1Y
- -71.24%
- 3Y*
- -20.97%
- 5Y*
- -13.80%
- 10Y*
- —
- ALL TIME*
- 4.98%
ADA-USD
- 1D
- 3.03%
- 1M
- 7.38%
- 6M
- -40.97%
- YTD
- -47.97%
- 1Y
- -75.74%
- 3Y*
- -16.66%
- 5Y*
- -33.26%
- 10Y*
- —
- ALL TIME*
- 24.74%
Liquidity Comparison
AVAX-USD vs. ADA-USD - Yearly Performance Comparison
Correlation
The correlation between AVAX-USD and ADA-USD is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.72 |
The correlation between AVAX-USD and ADA-USD shifts across timeframes, from 0.72 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AVAX-USD vs. ADA-USD — Risk / Return Rank
AVAX-USD
ADA-USD
AVAX-USD vs. ADA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avalanche (AVAX-USD) and Cardano (ADA-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 | ADA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.82 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.89 | +0.03 |
| Martin ratioReturn relative to average drawdown | -1.13 | -1.23 | +0.10 |
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Drawdowns
AVAX-USD vs. ADA-USD - Drawdown Comparison
The maximum AVAX-USD drawdown since its inception was -95.65%, roughly equal to the maximum ADA-USD drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for AVAX-USD and ADA-USD.
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Drawdown Indicators
| AVAX-USD | ADA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -97.85% | +2.20% |
Max Drawdown (1Y)Largest decline over 1 year | -83.27% | -85.07% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -90.29% | -88.33% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -95.65% | -95.16% | -0.49% |
Current DrawdownCurrent decline from peak | -95.42% | -94.16% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -70.76% | -77.81% | +7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.02% | 45.57% | -6.55% |
Volatility
AVAX-USD vs. ADA-USD - Volatility Comparison
The current volatility for Avalanche (AVAX-USD) is 14.70%, while Cardano (ADA-USD) has a volatility of 20.31%. This indicates that AVAX-USD experiences smaller price fluctuations and is considered to be less risky than ADA-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 | ADA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.70% | 20.31% | -5.61% |
Volatility (6M)Calculated over the trailing 6-month period | 45.91% | 50.91% | -5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.56% | 63.92% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.49% | 74.57% | +8.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.94% | 102.64% | -6.70% |
Frequently Asked Questions
AVAX-USD and ADA-USD have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADA-USD has higher volatility (20.31%) compared to AVAX-USD (14.70%). In terms of maximum drawdown, AVAX-USD dropped -95.65% vs ADA-USD's -97.85%.
AVAX-USD currently has the higher Sharpe Ratio (-0.92 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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