EGLD-USD vs. AVAX-USD
EGLD-USD (Elrond) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 5 years, EGLD-USD returned -46.81%/yr vs -10.95%/yr for AVAX-USD. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
EGLD-USD vs. AVAX-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EGLD-USD having a -49.37% return and AVAX-USD slightly higher at -49.02%.
EGLD-USD
- 1D
- -0.71%
- 1M
- -30.86%
- YTD
- -49.37%
- 6M
- -55.77%
- 1Y
- -76.78%
- 3Y*
- -56.21%
- 5Y*
- -46.81%
- 10Y*
- —
AVAX-USD
- 1D
- 2.79%
- 1M
- -33.16%
- YTD
- -49.02%
- 6M
- -49.48%
- 1Y
- -62.09%
- 3Y*
- -22.15%
- 5Y*
- -10.95%
- 10Y*
- —
EGLD-USD vs. AVAX-USD - Yearly Performance Comparison
Correlation
The correlation between EGLD-USD and AVAX-USD is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020 | 0.68 |
The correlation between EGLD-USD and AVAX-USD has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
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Return for Risk
EGLD-USD vs. AVAX-USD — Risk / Return Rank
EGLD-USD
AVAX-USD
EGLD-USD vs. AVAX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elrond (EGLD-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.
| EGLD-USD | AVAX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.89 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.75 | -0.16 |
| Martin ratioReturn relative to average drawdown | -1.29 | -1.09 | -0.20 |
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Drawdowns
EGLD-USD vs. AVAX-USD - Drawdown Comparison
The maximum EGLD-USD drawdown since its inception was -99.43%, roughly equal to the maximum AVAX-USD drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for EGLD-USD and AVAX-USD.
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Drawdown Indicators
| EGLD-USD | AVAX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.43% | -95.65% | -3.78% |
Max Drawdown (1Y)Largest decline over 1 year | -84.62% | -83.27% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -96.28% | -90.29% | -5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -99.43% | -95.65% | -3.78% |
Current DrawdownCurrent decline from peak | -99.43% | -95.37% | -4.06% |
Average DrawdownAverage peak-to-trough decline | -77.91% | -70.29% | -7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.77% | 51.91% | -0.14% |
Volatility
EGLD-USD vs. AVAX-USD - Volatility Comparison
The current volatility for Elrond (EGLD-USD) is 17.29%, while Avalanche (AVAX-USD) has a volatility of 21.13%. This indicates that EGLD-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
| EGLD-USD | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.29% | 21.13% | -3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 51.09% | 47.99% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.10% | 66.15% | +1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.16% | 83.92% | -8.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.46% | 96.65% | -11.19% |
Frequently Asked Questions
EGLD-USD and AVAX-USD have a correlation of 0.77, 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 (21.13%) compared to EGLD-USD (17.29%). In terms of maximum drawdown, EGLD-USD dropped -99.43% vs AVAX-USD's -95.65%.
AVAX-USD currently has the higher Sharpe Ratio (-0.78 vs -0.94), 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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