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

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.

-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-12.78%
-21.65%
AVAX-USD
ETC-USD

Returns By Period

In the year-to-date period, AVAX-USD achieves a -12.87% return, which is significantly lower than ETC-USD's 15.82% return.


AVAX-USD

YTD

-12.87%

1M

21.03%

6M

-16.02%

1Y

76.35%

5Y (annualized)

N/A

10Y (annualized)

N/A

ETC-USD

YTD

15.82%

1M

30.67%

6M

-16.51%

1Y

39.78%

5Y (annualized)

45.48%

10Y (annualized)

N/A

Key characteristics


AVAX-USDETC-USD
Sharpe Ratio-0.58-0.56
Sortino Ratio-0.54-0.51
Omega Ratio0.950.95
Calmar Ratio0.020.00
Martin Ratio-1.02-1.13
Ulcer Index50.18%36.32%
Daily Std Dev76.13%63.76%
Max Drawdown-93.48%-92.12%
Current Drawdown-75.07%-81.08%

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Correlation

-0.50.00.51.00.6

The correlation between AVAX-USD and ETC-USD is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for AVAX-USD, currently valued at -0.58, compared to the broader market-0.500.000.501.001.50-0.58-0.56
The chart of Sortino ratio for AVAX-USD, currently valued at -0.54, compared to the broader market-2.00-1.000.001.002.00-0.54-0.51
The chart of Omega ratio for AVAX-USD, currently valued at 0.95, compared to the broader market0.800.901.001.101.200.950.95
The chart of Calmar ratio for AVAX-USD, currently valued at 0.02, compared to the broader market0.200.400.600.801.001.200.020.00
The chart of Martin ratio for AVAX-USD, currently valued at -1.02, compared to the broader market0.002.004.006.008.0010.00-1.02-1.13
AVAX-USD
ETC-USD

The current AVAX-USD Sharpe Ratio is -0.58, which is comparable to the ETC-USD Sharpe Ratio of -0.56. 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.

Rolling 12-month Sharpe Ratio0.002.004.006.008.00JuneJulyAugustSeptemberOctoberNovember
-0.58
-0.56
AVAX-USD
ETC-USD

Drawdowns

AVAX-USD vs. ETC-USD - Drawdown Comparison

The maximum AVAX-USD drawdown since its inception was -93.48%, 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. For additional features, visit the drawdowns tool.


-85.00%-80.00%-75.00%-70.00%JuneJulyAugustSeptemberOctoberNovember
-75.07%
-81.08%
AVAX-USD
ETC-USD

Volatility

AVAX-USD vs. ETC-USD - Volatility Comparison

Avalanche (AVAX-USD) has a higher volatility of 26.27% compared to Ethereum Classic (ETC-USD) at 24.75%. 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.


10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
26.27%
24.75%
AVAX-USD
ETC-USD