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AVAX-USD vs. ETC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between AVAX-USD and ETC-USD is 0.33, 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. ETC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avalanche (AVAX-USD) and Ethereum Classic (ETC-USD). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

AVAX-USD:

-0.38

ETC-USD:

-0.55

Sortino Ratio

AVAX-USD:

0.64

ETC-USD:

0.62

Omega Ratio

AVAX-USD:

1.06

ETC-USD:

1.06

Calmar Ratio

AVAX-USD:

0.02

ETC-USD:

0.00

Martin Ratio

AVAX-USD:

-0.15

ETC-USD:

0.03

Ulcer Index

AVAX-USD:

43.21%

ETC-USD:

38.69%

Daily Std Dev

AVAX-USD:

79.08%

ETC-USD:

62.21%

Max Drawdown

AVAX-USD:

-93.47%

ETC-USD:

-92.12%

Current Drawdown

AVAX-USD:

-82.49%

ETC-USD:

-86.26%

Returns By Period

In the year-to-date period, AVAX-USD achieves a -34.00% return, which is significantly lower than ETC-USD's -26.33% return.


AVAX-USD

YTD

-34.00%

1M

9.30%

6M

-45.02%

1Y

-34.82%

3Y*

-3.39%

5Y*

N/A

10Y*

N/A

ETC-USD

YTD

-26.33%

1M

10.16%

6M

-42.32%

1Y

-39.43%

3Y*

-8.00%

5Y*

20.55%

10Y*

N/A

*Annualized

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Avalanche

Ethereum Classic

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

AVAX-USD vs. ETC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVAX-USD
The Risk-Adjusted Performance Rank of AVAX-USD is 3939
Overall Rank
The Sharpe Ratio Rank of AVAX-USD is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of AVAX-USD is 3737
Sortino Ratio Rank
The Omega Ratio Rank of AVAX-USD is 3737
Omega Ratio Rank
The Calmar Ratio Rank of AVAX-USD is 3939
Calmar Ratio Rank
The Martin Ratio Rank of AVAX-USD is 3737
Martin Ratio Rank

ETC-USD
The Risk-Adjusted Performance Rank of ETC-USD is 3131
Overall Rank
The Sharpe Ratio Rank of ETC-USD is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of ETC-USD is 3737
Sortino Ratio Rank
The Omega Ratio Rank of ETC-USD is 3737
Omega Ratio Rank
The Calmar Ratio Rank of ETC-USD is 1212
Calmar Ratio Rank
The Martin Ratio Rank of ETC-USD is 4646
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

AVAX-USD vs. ETC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Avalanche (AVAX-USD) and Ethereum Classic (ETC-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.


The current AVAX-USD Sharpe Ratio is -0.38, which is higher than the ETC-USD Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of AVAX-USD and ETC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

AVAX-USD vs. ETC-USD - Drawdown Comparison

The maximum AVAX-USD drawdown since its inception was -93.47%, roughly equal to the maximum ETC-USD drawdown of -92.12%. Use the drawdown chart below to compare losses from any high point for AVAX-USD and ETC-USD.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

AVAX-USD vs. ETC-USD - Volatility Comparison

Avalanche (AVAX-USD) has a higher volatility of 26.05% compared to Ethereum Classic (ETC-USD) at 21.97%. This indicates that AVAX-USD's price experiences larger fluctuations and is considered to be riskier than ETC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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