AVAX-USD vs. DOT-USD
AVAX-USD (Avalanche) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 5 years, AVAX-USD returned -9.18%/yr vs -41.50%/yr for DOT-USD. At a 0.27 correlation, their price movements are largely independent.
Performance
AVAX-USD vs. DOT-USD - Performance Comparison
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Returns By Period
In the year-to-date period, AVAX-USD achieves a -45.45% return, which is significantly higher than DOT-USD's -52.83% return.
AVAX-USD
- 1D
- 0.15%
- 1M
- -1.90%
- 6M
- -54.07%
- YTD
- -45.45%
- 1Y
- -70.19%
- 3Y*
- -22.27%
- 5Y*
- -9.18%
- 10Y*
- —
DOT-USD
- 1D
- -0.94%
- 1M
- -16.45%
- 6M
- -62.10%
- YTD
- -52.83%
- 1Y
- -79.35%
- 3Y*
- -45.85%
- 5Y*
- -41.50%
- 10Y*
- —
AVAX-USD vs. DOT-USD - Yearly Performance Comparison
Correlation
The correlation between AVAX-USD and DOT-USD is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.27 |
Over the past year, AVAX-USD and DOT-USD have become more correlated (0.83) than their long-term average of 0.27, meaning their price movements have been converging.
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Return for Risk
AVAX-USD vs. DOT-USD — Risk / Return Rank
AVAX-USD
DOT-USD
AVAX-USD vs. DOT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avalanche (AVAX-USD) and Polkadot (DOT-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 | DOT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.80 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.97 | +0.12 |
| Martin ratioReturn relative to average drawdown | -1.16 | -1.40 | +0.24 |
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Drawdowns
AVAX-USD vs. DOT-USD - Drawdown Comparison
The maximum AVAX-USD drawdown since its inception was -95.65%, roughly equal to the maximum DOT-USD drawdown of -98.50%. Use the drawdown chart below to compare losses from any high point for AVAX-USD and DOT-USD.
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Drawdown Indicators
| AVAX-USD | DOT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -98.50% | +2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -83.27% | -82.23% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -90.29% | -93.00% | +2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -95.65% | -98.50% | +2.85% |
Current DrawdownCurrent decline from peak | -95.04% | -98.44% | +3.40% |
Average DrawdownAverage peak-to-trough decline | -70.56% | -81.37% | +10.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.80% | 54.89% | -9.09% |
Volatility
AVAX-USD vs. DOT-USD - Volatility Comparison
Avalanche (AVAX-USD) has a higher volatility of 17.84% compared to Polkadot (DOT-USD) at 13.26%. This indicates that AVAX-USD's price experiences larger fluctuations and is considered to be riskier than DOT-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 | DOT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.84% | 13.26% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 47.19% | 54.57% | -7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.12% | 70.39% | -5.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.58% | 71.70% | +11.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.23% | 72.32% | +23.91% |
Frequently Asked Questions
AVAX-USD and DOT-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.
AVAX-USD has higher volatility (17.84%) compared to DOT-USD (13.26%). In terms of maximum drawdown, AVAX-USD dropped -95.65% vs DOT-USD's -98.50%.
AVAX-USD currently has the higher Sharpe Ratio (-0.90 vs -0.94), 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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