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.
AVAX-USD vs. ETC-USD
Compare and contrast key facts about Avalanche (AVAX-USD) and Ethereum Classic (ETC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AVAX-USD or ETC-USD.
Performance
AVAX-USD vs. ETC-USD - Performance Comparison
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Key characteristics
AVAX-USD:
-0.38
ETC-USD:
-0.55
AVAX-USD:
0.64
ETC-USD:
0.62
AVAX-USD:
1.06
ETC-USD:
1.06
AVAX-USD:
0.02
ETC-USD:
0.00
AVAX-USD:
-0.15
ETC-USD:
0.03
AVAX-USD:
43.21%
ETC-USD:
38.69%
AVAX-USD:
79.08%
ETC-USD:
62.21%
AVAX-USD:
-93.47%
ETC-USD:
-92.12%
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
-34.00%
9.30%
-45.02%
-34.82%
-3.39%
N/A
N/A
ETC-USD
-26.33%
10.16%
-42.32%
-39.43%
-8.00%
20.55%
N/A
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Risk-Adjusted Performance
AVAX-USD vs. ETC-USD — Risk-Adjusted Performance Rank
AVAX-USD
ETC-USD
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.
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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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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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