AVAX-USD vs. BTC-USD
Compare and contrast key facts about Avalanche (AVAX-USD) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVAX-USD or BTC-USD.
Correlation
The correlation between AVAX-USD and BTC-USD is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AVAX-USD vs. BTC-USD - Performance Comparison
Key characteristics
AVAX-USD:
0.13
BTC-USD:
1.89
AVAX-USD:
0.90
BTC-USD:
2.51
AVAX-USD:
1.09
BTC-USD:
1.26
AVAX-USD:
0.03
BTC-USD:
1.66
AVAX-USD:
0.33
BTC-USD:
8.43
AVAX-USD:
38.22%
BTC-USD:
11.38%
AVAX-USD:
78.68%
BTC-USD:
42.72%
AVAX-USD:
-93.48%
BTC-USD:
-93.07%
AVAX-USD:
-83.36%
BTC-USD:
-10.83%
Returns By Period
In the year-to-date period, AVAX-USD achieves a -37.18% return, which is significantly lower than BTC-USD's 1.30% return.
AVAX-USD
-37.18%
10.06%
-12.86%
-34.88%
N/A
N/A
BTC-USD
1.30%
12.20%
39.33%
49.24%
64.76%
82.12%
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Risk-Adjusted Performance
AVAX-USD vs. BTC-USD — Risk-Adjusted Performance Rank
AVAX-USD
BTC-USD
AVAX-USD vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avalanche (AVAX-USD) and Bitcoin (BTC-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.
Drawdowns
AVAX-USD vs. BTC-USD - Drawdown Comparison
The maximum AVAX-USD drawdown since its inception was -93.48%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for AVAX-USD and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
AVAX-USD vs. BTC-USD - Volatility Comparison
Avalanche (AVAX-USD) has a higher volatility of 28.84% compared to Bitcoin (BTC-USD) at 16.25%. This indicates that AVAX-USD's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.