AVAX-USD vs. ETH-USD
AVAX-USD (Avalanche) and ETH-USD (Ethereum) are both cryptocurrencies. Over the past 5 years, AVAX-USD returned -15.25%/yr vs -7.83%/yr for ETH-USD. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
AVAX-USD vs. ETH-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 ETH-USD's -39.68% 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*
- —
ETH-USD
- 1D
- -3.66%
- 1M
- -23.74%
- YTD
- -39.68%
- 6M
- -43.89%
- 1Y
- -31.03%
- 3Y*
- -1.81%
- 5Y*
- -7.83%
- 10Y*
- 62.38%
AVAX-USD vs. ETH-USD - Yearly Performance Comparison
Correlation
The correlation between AVAX-USD and ETH-USD is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2020 | 0.69 |
The correlation between AVAX-USD and ETH-USD shifts across timeframes, from 0.69 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AVAX-USD vs. ETH-USD — Risk / Return Rank
AVAX-USD
ETH-USD
AVAX-USD vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avalanche (AVAX-USD) and Ethereum (ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.79 | -0.46 | -0.33 |
Sortino ratioReturn per unit of downside risk | -1.12 | -0.31 | -0.81 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.97 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.49 | -0.31 |
Martin ratioReturn relative to average drawdown | -1.15 | -0.82 | -0.33 |
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 | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | -0.46 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | -0.11 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.76 | -0.68 |
Drawdowns
AVAX-USD vs. ETH-USD - Drawdown Comparison
The maximum AVAX-USD drawdown since its inception was -94.10%, roughly equal to the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for AVAX-USD and ETH-USD.
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Drawdown Indicators
| AVAX-USD | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.10% | -94.01% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -77.33% | -62.96% | -14.37% |
Max Drawdown (3Y)Largest decline over 3 years | -86.85% | -63.80% | -23.05% |
Max Drawdown (5Y)Largest decline over 5 years | -94.10% | -79.35% | -14.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -94.10% | -62.96% | -31.14% |
Average DrawdownAverage peak-to-trough decline | -70.10% | -50.87% | -19.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.72% | 43.64% | +17.08% |
Volatility
AVAX-USD vs. ETH-USD - Volatility Comparison
Avalanche (AVAX-USD) has a higher volatility of 14.00% compared to Ethereum (ETH-USD) at 10.96%. This indicates that AVAX-USD's price experiences larger fluctuations and is considered to be riskier than ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.00% | 10.96% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 47.04% | 45.10% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.64% | 55.90% | +9.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.49% | 59.54% | +24.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.86% | 77.96% | +18.90% |
Frequently Asked Questions
AVAX-USD and ETH-USD have a correlation of 0.82, 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 (14.00%) compared to ETH-USD (10.96%). In terms of maximum drawdown, AVAX-USD dropped -94.10% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.46 vs -0.79), 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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