BTC-USD vs. AAVE-USD
BTC-USD (Bitcoin) and AAVE-USD (Aave) are both cryptocurrencies. Over the past 5 years, BTC-USD returned 10.27%/yr vs -27.28%/yr for AAVE-USD. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
BTC-USD vs. AAVE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -27.32% return, which is significantly higher than AAVE-USD's -55.84% return.
BTC-USD
- 1D
- 0.05%
- 1M
- -19.79%
- YTD
- -27.32%
- 6M
- -29.56%
- 1Y
- -39.85%
- 3Y*
- 34.86%
- 5Y*
- 10.27%
- 10Y*
- 57.32%
AAVE-USD
- 1D
- 0.14%
- 1M
- -33.18%
- YTD
- -55.84%
- 6M
- -66.36%
- 1Y
- -78.11%
- 3Y*
- 5.36%
- 5Y*
- -27.28%
- 10Y*
- —
BTC-USD vs. AAVE-USD - Yearly Performance Comparison
Correlation
The correlation between BTC-USD and AAVE-USD is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.63 |
The correlation between BTC-USD and AAVE-USD has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
BTC-USD vs. AAVE-USD — Risk / Return Rank
BTC-USD
AAVE-USD
BTC-USD vs. AAVE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Aave (AAVE-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.
| BTC-USD | AAVE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.82 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.94 | +0.16 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.51 | +0.15 |
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Drawdowns
BTC-USD vs. AAVE-USD - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, smaller than the maximum AAVE-USD drawdown of -92.10%. Use the drawdown chart below to compare losses from any high point for BTC-USD and AAVE-USD.
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Drawdown Indicators
| BTC-USD | AAVE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -92.10% | +6.80% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -82.96% | +31.75% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -84.08% | +32.87% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -88.40% | +11.73% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -49.01% | -89.76% | +40.75% |
Average DrawdownAverage peak-to-trough decline | -42.35% | -68.48% | +26.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.02% | 54.76% | -19.74% |
Volatility
BTC-USD vs. AAVE-USD - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 12.11%, while Aave (AAVE-USD) has a volatility of 19.32%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than AAVE-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC-USD | AAVE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 19.32% | -7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 34.59% | 57.47% | -22.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 69.50% | -33.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.71% | 82.99% | -38.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.62% | 3,547.74% | -3,491.12% |
Frequently Asked Questions
BTC-USD and AAVE-USD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAVE-USD has higher volatility (19.32%) compared to BTC-USD (12.11%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs AAVE-USD's -92.10%.
BTC-USD currently has the higher Sharpe Ratio (-0.93 vs -0.93), 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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