Correlation
The correlation between ENJ-USD and AVAX-USD is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
ENJ-USD vs. AVAX-USD
Compare and contrast key facts about EnjinCoin (ENJ-USD) and Avalanche (AVAX-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENJ-USD or AVAX-USD.
Performance
ENJ-USD vs. AVAX-USD - Performance Comparison
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Key characteristics
ENJ-USD:
-0.74
AVAX-USD:
-0.40
ENJ-USD:
-0.51
AVAX-USD:
0.35
ENJ-USD:
0.95
AVAX-USD:
1.03
ENJ-USD:
0.00
AVAX-USD:
0.02
ENJ-USD:
-1.18
AVAX-USD:
-0.53
ENJ-USD:
56.38%
AVAX-USD:
43.37%
ENJ-USD:
89.81%
AVAX-USD:
79.17%
ENJ-USD:
-98.72%
AVAX-USD:
-93.47%
ENJ-USD:
-98.48%
AVAX-USD:
-83.46%
Returns By Period
In the year-to-date period, ENJ-USD achieves a -65.87% return, which is significantly lower than AVAX-USD's -37.67% return.
ENJ-USD
-65.87%
-16.02%
-76.52%
-79.88%
-53.26%
-19.11%
N/A
AVAX-USD
-37.67%
6.40%
-50.48%
-38.18%
-6.97%
N/A
N/A
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Risk-Adjusted Performance
ENJ-USD vs. AVAX-USD — Risk-Adjusted Performance Rank
ENJ-USD
AVAX-USD
ENJ-USD vs. AVAX-USD - Risk-Adjusted Performance 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.
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Drawdowns
ENJ-USD vs. AVAX-USD - Drawdown Comparison
The maximum ENJ-USD drawdown since its inception was -98.72%, which is greater than AVAX-USD's maximum drawdown of -93.47%. Use the drawdown chart below to compare losses from any high point for ENJ-USD and AVAX-USD.
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Volatility
ENJ-USD vs. AVAX-USD - Volatility Comparison
EnjinCoin (ENJ-USD) has a higher volatility of 33.16% compared to Avalanche (AVAX-USD) at 26.68%. This indicates that ENJ-USD's price experiences larger fluctuations and is considered to be riskier than AVAX-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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