DOT-USD vs. AVAX-USD
DOT-USD (Polkadot) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 5 years, DOT-USD returned -43.82%/yr vs -9.58%/yr for AVAX-USD. At a 0.26 correlation, their price movements are largely independent.
Performance
DOT-USD vs. AVAX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DOT-USD achieves a -53.00% return, which is significantly lower than AVAX-USD's -49.51% return.
DOT-USD
- 1D
- -5.20%
- 1M
- -32.70%
- YTD
- -53.00%
- 6M
- -50.12%
- 1Y
- -74.96%
- 3Y*
- -45.19%
- 5Y*
- -43.82%
- 10Y*
- —
AVAX-USD
- 1D
- -3.42%
- 1M
- -31.98%
- YTD
- -49.51%
- 6M
- -48.59%
- 1Y
- -64.68%
- 3Y*
- -22.15%
- 5Y*
- -9.58%
- 10Y*
- —
DOT-USD vs. AVAX-USD - Yearly Performance Comparison
Correlation
The correlation between DOT-USD and AVAX-USD is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.26 |
Over the past year, DOT-USD and AVAX-USD have become more correlated (0.84) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
DOT-USD vs. AVAX-USD — Risk / Return Rank
DOT-USD
AVAX-USD
DOT-USD vs. AVAX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polkadot (DOT-USD) and Avalanche (AVAX-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 | AVAX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.88 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.78 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.40 | -1.13 | -0.28 |
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Drawdowns
DOT-USD vs. AVAX-USD - Drawdown Comparison
The maximum DOT-USD drawdown since its inception was -98.44%, roughly equal to the maximum AVAX-USD drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for DOT-USD and AVAX-USD.
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Drawdown Indicators
| DOT-USD | AVAX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.44% | -95.65% | -2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -81.55% | -83.27% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -92.73% | -90.29% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -98.44% | -95.65% | -2.79% |
Current DrawdownCurrent decline from peak | -98.44% | -95.41% | -3.03% |
Average DrawdownAverage peak-to-trough decline | -81.18% | -70.33% | -10.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.83% | 48.58% | +2.25% |
Volatility
DOT-USD vs. AVAX-USD - Volatility Comparison
The current volatility for Polkadot (DOT-USD) is 16.49%, while Avalanche (AVAX-USD) has a volatility of 21.65%. This indicates that DOT-USD experiences smaller price fluctuations and is considered to be less risky than AVAX-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 | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.49% | 21.65% | -5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 57.99% | 48.22% | +9.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.04% | 65.79% | +5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.98% | 83.81% | -11.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.60% | 96.60% | -24.00% |
Frequently Asked Questions
DOT-USD and AVAX-USD have a correlation of 0.84, 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 (21.65%) compared to DOT-USD (16.49%). In terms of maximum drawdown, DOT-USD dropped -98.44% vs AVAX-USD's -95.65%.
AVAX-USD currently has the higher Sharpe Ratio (-0.82 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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