AVAX-USD vs. DOT-USD
AVAX-USD (Avalanche) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 3 years, AVAX-USD returned -18.59%/yr vs -40.00%/yr for DOT-USD. At a 0.26 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 -35.12% return, which is significantly higher than DOT-USD's -38.72% 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*
- —
DOT-USD
- 1D
- 1.69%
- 1M
- -10.83%
- YTD
- -38.72%
- 6M
- -53.72%
- 1Y
- -73.55%
- 3Y*
- -40.00%
- 5Y*
- —
- 10Y*
- —
AVAX-USD vs. DOT-USD - Yearly Performance Comparison
Correlation
The correlation between AVAX-USD and DOT-USD is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2021 | 0.26 |
Over the past year, AVAX-USD and DOT-USD have become more correlated (0.85) than their long-term average of 0.26, 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.
| AVAX-USD | DOT-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.79 | -0.86 | +0.07 |
Sortino ratioReturn per unit of downside risk | -1.12 | -1.72 | +0.60 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.84 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.96 | +0.16 |
Martin ratioReturn relative to average drawdown | -1.15 | -1.47 | +0.32 |
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 | DOT-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 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | -0.52 | +0.60 |
Drawdowns
AVAX-USD vs. DOT-USD - Drawdown Comparison
The maximum AVAX-USD drawdown since its inception was -94.10%, roughly equal to the maximum DOT-USD drawdown of -98.00%. 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 | -94.10% | -98.00% | +3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -77.33% | -76.35% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -86.85% | -90.68% | +3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -94.10% | — | — |
Current DrawdownCurrent decline from peak | -94.10% | -97.97% | +3.87% |
Average DrawdownAverage peak-to-trough decline | -70.10% | -80.93% | +10.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.72% | 58.20% | +2.52% |
Volatility
AVAX-USD vs. DOT-USD - Volatility Comparison
The current volatility for Avalanche (AVAX-USD) is 14.00%, while Polkadot (DOT-USD) has a volatility of 15.10%. This indicates that AVAX-USD experiences smaller price fluctuations and is considered to be less risky 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 | 14.00% | 15.10% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 47.04% | 58.25% | -11.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.64% | 71.22% | -5.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.49% | 72.83% | +11.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.86% | 72.83% | +24.03% |
Frequently Asked Questions
AVAX-USD and DOT-USD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOT-USD has higher volatility (15.10%) compared to AVAX-USD (14.00%). In terms of maximum drawdown, AVAX-USD dropped -94.10% vs DOT-USD's -98.00%.
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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