AVAX-USD vs. SNX-USD
AVAX-USD (Avalanche) and SNX-USD (SynthetixNetworkToken) are both cryptocurrencies. Over the past 5 years, AVAX-USD returned -8.70%/yr vs -50.94%/yr for SNX-USD. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
AVAX-USD vs. SNX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, AVAX-USD achieves a -46.26% return, which is significantly lower than SNX-USD's -41.22% return.
AVAX-USD
- 1D
- 2.32%
- 1M
- 5.93%
- 6M
- -48.03%
- YTD
- -46.26%
- 1Y
- -73.61%
- 3Y*
- -22.11%
- 5Y*
- -8.70%
- 10Y*
- —
- ALL TIME*
- 6.16%
SNX-USD
- 1D
- 3.88%
- 1M
- -0.82%
- 6M
- -44.98%
- YTD
- -41.22%
- 1Y
- -67.56%
- 3Y*
- -56.81%
- 5Y*
- -50.94%
- 10Y*
- —
- ALL TIME*
- -7.30%
AVAX-USD vs. SNX-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AVAX-USD Avalanche | -46.26% | -65.48% | -7.43% | 253.44% | -90.05% | 3,388.95% | -32.04% |
SNX-USD SynthetixNetworkToken | -41.22% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 164.02% |
Correlation
The correlation between AVAX-USD and SNX-USD is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.66 |
The correlation between AVAX-USD and SNX-USD has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.
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Return for Risk
AVAX-USD vs. SNX-USD — Risk / Return Rank
AVAX-USD
SNX-USD
AVAX-USD vs. SNX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avalanche (AVAX-USD) and SynthetixNetworkToken (SNX-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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AVAX-USD | SNX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.97 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.74 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.20 | -0.94 | -0.26 |
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Drawdowns
AVAX-USD vs. SNX-USD - Drawdown Comparison
The maximum AVAX-USD drawdown since its inception was -95.65%, roughly equal to the maximum SNX-USD drawdown of -99.26%. Use the drawdown chart below to compare losses from any high point for AVAX-USD and SNX-USD.
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Drawdown Indicators
| AVAX-USD | SNX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -99.26% | +3.61% |
Max Drawdown (1Y)Largest decline over 1 year | -83.27% | -91.23% | +7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -90.29% | -96.06% | +5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -95.65% | -98.66% | +3.01% |
Current DrawdownCurrent decline from peak | -95.11% | -99.11% | +4.00% |
Average DrawdownAverage peak-to-trough decline | -70.62% | -73.29% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.31% | 56.05% | -12.74% |
Volatility
AVAX-USD vs. SNX-USD - Volatility Comparison
The current volatility for Avalanche (AVAX-USD) is 14.15%, while SynthetixNetworkToken (SNX-USD) has a volatility of 33.75%. This indicates that AVAX-USD experiences smaller price fluctuations and is considered to be less risky than SNX-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 | SNX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.15% | 33.75% | -19.60% |
Volatility (6M)Calculated over the trailing 6-month period | 46.71% | 61.68% | -14.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.73% | 117.73% | -53.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.53% | 99.60% | -16.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.13% | 117.14% | -21.01% |
Frequently Asked Questions
AVAX-USD and SNX-USD have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNX-USD has higher volatility (33.75%) compared to AVAX-USD (14.15%). In terms of maximum drawdown, AVAX-USD dropped -95.65% vs SNX-USD's -99.26%.
SNX-USD currently has the higher Sharpe Ratio (-0.48 vs -0.95), 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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