ENJ-USD vs. AVAX-USD
ENJ-USD (EnjinCoin) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 5 years, ENJ-USD returned -55.12%/yr vs -12.23%/yr for AVAX-USD. Their 0.64 correlation means they have sometimes moved together and sometimes differently.
Performance
ENJ-USD vs. AVAX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ENJ-USD achieves a -11.58% return, which is significantly higher than AVAX-USD's -46.91% return.
ENJ-USD
- 1D
- 0.13%
- 1M
- -18.69%
- 6M
- 2.98%
- YTD
- -11.58%
- 1Y
- -63.20%
- 3Y*
- -56.02%
- 5Y*
- -55.12%
- 10Y*
- —
- ALL TIME*
- 0.76%
AVAX-USD
- 1D
- 5.66%
- 1M
- -5.91%
- 6M
- -34.17%
- YTD
- -46.91%
- 1Y
- -68.70%
- 3Y*
- -19.33%
- 5Y*
- -12.23%
- 10Y*
- —
- ALL TIME*
- 5.91%
Liquidity Comparison
ENJ-USD vs. AVAX-USD - Yearly Performance Comparison
Correlation
The correlation between ENJ-USD and AVAX-USD is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.64 |
The correlation between ENJ-USD and AVAX-USD has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
ENJ-USD vs. AVAX-USD — Risk / Return Rank
ENJ-USD
AVAX-USD
ENJ-USD vs. AVAX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EnjinCoin (ENJ-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.
| ENJ-USD | AVAX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.85 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.83 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.13 | -1.09 | -0.04 |
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Drawdowns
ENJ-USD vs. AVAX-USD - Drawdown Comparison
The maximum ENJ-USD drawdown since its inception was -99.61%, roughly equal to the maximum AVAX-USD drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for ENJ-USD and AVAX-USD.
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Drawdown Indicators
| ENJ-USD | AVAX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.61% | -95.65% | -3.96% |
Max Drawdown (1Y)Largest decline over 1 year | -77.59% | -83.27% | +5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -97.45% | -90.29% | -7.16% |
Max Drawdown (5Y)Largest decline over 5 years | -99.61% | -95.65% | -3.96% |
Current DrawdownCurrent decline from peak | -99.45% | -95.17% | -4.28% |
Average DrawdownAverage peak-to-trough decline | -78.38% | -70.77% | -7.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.15% | 39.18% | +5.97% |
Volatility
ENJ-USD vs. AVAX-USD - Volatility Comparison
The current volatility for EnjinCoin (ENJ-USD) is 12.49%, while Avalanche (AVAX-USD) has a volatility of 15.66%. This indicates that ENJ-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
| ENJ-USD | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.49% | 15.66% | -3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 89.32% | 46.25% | +43.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.80% | 64.67% | +35.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.93% | 83.51% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.86% | 95.94% | +27.92% |
Frequently Asked Questions
ENJ-USD and AVAX-USD have a correlation of 0.59, 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 (15.66%) compared to ENJ-USD (12.49%). In terms of maximum drawdown, ENJ-USD dropped -99.61% vs AVAX-USD's -95.65%.
ENJ-USD currently has the higher Sharpe Ratio (-0.53 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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