DOT-USD vs. AAVE-USD
DOT-USD (Polkadot) and AAVE-USD (Aave) are both cryptocurrencies. Over the past 5 years, DOT-USD returned -44.35%/yr vs -18.54%/yr for AAVE-USD. At a 0.20 correlation, their price movements are largely independent.
Performance
DOT-USD vs. AAVE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DOT-USD achieves a -53.61% return, which is significantly lower than AAVE-USD's -42.37% return.
DOT-USD
- 1D
- 0.97%
- 1M
- -28.35%
- YTD
- -53.61%
- 6M
- -53.61%
- 1Y
- -74.73%
- 3Y*
- -46.55%
- 5Y*
- -44.35%
- 10Y*
- —
AAVE-USD
- 1D
- -1.21%
- 1M
- 4.76%
- YTD
- -42.37%
- 6M
- -42.37%
- 1Y
- -67.69%
- 3Y*
- 5.92%
- 5Y*
- -18.54%
- 10Y*
- —
DOT-USD vs. AAVE-USD - Yearly Performance Comparison
Correlation
The correlation between DOT-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 | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.20 |
Over the past year, DOT-USD and AAVE-USD have become more correlated (0.72) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
DOT-USD vs. AAVE-USD — Risk / Return Rank
DOT-USD
AAVE-USD
DOT-USD vs. AAVE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polkadot (DOT-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.
| DOT-USD | AAVE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.88 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.82 | -0.09 |
| Martin ratioReturn relative to average drawdown | -1.37 | -1.24 | -0.14 |
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Drawdowns
DOT-USD vs. AAVE-USD - Drawdown Comparison
The maximum DOT-USD drawdown since its inception was -98.50%, which is greater than AAVE-USD's maximum drawdown of -92.10%. Use the drawdown chart below to compare losses from any high point for DOT-USD and AAVE-USD.
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Drawdown Indicators
| DOT-USD | AAVE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.50% | -92.10% | -6.40% |
Max Drawdown (1Y)Largest decline over 1 year | -82.23% | -82.96% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -93.00% | -84.08% | -8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -98.50% | -88.40% | -10.10% |
Current DrawdownCurrent decline from peak | -98.46% | -86.63% | -11.83% |
Average DrawdownAverage peak-to-trough decline | -81.24% | -68.65% | -12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.12% | 49.49% | +2.63% |
Volatility
DOT-USD vs. AAVE-USD - Volatility Comparison
The current volatility for Polkadot (DOT-USD) is 17.22%, while Aave (AAVE-USD) has a volatility of 29.46%. This indicates that DOT-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
| DOT-USD | AAVE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.22% | 29.46% | -12.24% |
Volatility (6M)Calculated over the trailing 6-month period | 57.03% | 59.80% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.92% | 70.58% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.91% | 82.32% | -10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.50% | 3,531.65% | -3,459.15% |
Frequently Asked Questions
DOT-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 (29.46%) compared to DOT-USD (17.22%). In terms of maximum drawdown, DOT-USD dropped -98.50% vs AAVE-USD's -92.10%.
AAVE-USD currently has the higher Sharpe Ratio (-0.80 vs -0.88), 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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