ENJ-USD vs. AVAX-USD
ENJ-USD (EnjinCoin) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 5 years, ENJ-USD returned -54.15%/yr vs -16.89%/yr for AVAX-USD. A 0.64 correlation means they provide meaningful diversification when combined.
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 8.70% return, which is significantly higher than AVAX-USD's -43.90% return.
ENJ-USD
- 1D
- -5.81%
- 1M
- -40.58%
- YTD
- 8.70%
- 6M
- -4.07%
- 1Y
- -57.20%
- 3Y*
- -54.60%
- 5Y*
- -54.15%
- 10Y*
- —
AVAX-USD
- 1D
- -10.39%
- 1M
- -28.27%
- YTD
- -43.90%
- 6M
- -47.73%
- 1Y
- -63.22%
- 3Y*
- -22.20%
- 5Y*
- -16.89%
- 10Y*
- —
ENJ-USD vs. AVAX-USD - Yearly Performance Comparison
Correlation
The correlation between ENJ-USD and AVAX-USD is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2020 | 0.64 |
The correlation between ENJ-USD and AVAX-USD has been stable across timeframes, ranging from 0.64 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.
| ENJ-USD | AVAX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.88 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.79 | +0.08 |
| Martin ratioReturn relative to average drawdown | -1.07 | -1.16 | +0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENJ-USD | AVAX-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | -0.80 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | -0.17 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.05 | +0.04 |
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 -94.90%. 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% | -94.90% | -4.71% |
Max Drawdown (1Y)Largest decline over 1 year | -80.85% | -80.40% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -97.45% | -88.63% | -8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -99.61% | -94.90% | -4.71% |
Current DrawdownCurrent decline from peak | -99.33% | -94.90% | -4.43% |
Average DrawdownAverage peak-to-trough decline | -77.95% | -70.12% | -7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.53% | 61.10% | -8.57% |
Volatility
ENJ-USD vs. AVAX-USD - Volatility Comparison
EnjinCoin (ENJ-USD) has a higher volatility of 19.99% compared to Avalanche (AVAX-USD) at 17.15%. 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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Volatility by Period
| ENJ-USD | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.99% | 17.15% | +2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 91.52% | 47.57% | +43.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.54% | 66.14% | +35.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.76% | 84.49% | +5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.80% | 96.90% | +26.90% |
Frequently Asked Questions
ENJ-USD and AVAX-USD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENJ-USD has higher volatility (19.99%) compared to AVAX-USD (17.15%). In terms of maximum drawdown, ENJ-USD dropped -99.61% vs AVAX-USD's -94.90%.
ENJ-USD currently has the higher Sharpe Ratio (-0.47 vs -0.80), 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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