ETH-USD vs. AAVE-USD
ETH-USD (Ethereum) and AAVE-USD (Aave) are both cryptocurrencies. Over the past 5 years, ETH-USD returned -0.85%/yr vs -18.93%/yr for AAVE-USD. A 0.74 correlation means they provide meaningful diversification when combined.
Performance
ETH-USD vs. AAVE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -35.51% return, which is significantly higher than AAVE-USD's -37.71% return.
ETH-USD
- 1D
- 2.26%
- 1M
- 10.05%
- 6M
- -39.98%
- YTD
- -35.51%
- 1Y
- -49.10%
- 3Y*
- 0.37%
- 5Y*
- -0.85%
- 10Y*
- 62.58%
- ALL TIME*
- 80.34%
AAVE-USD
- 1D
- 1.42%
- 1M
- 19.57%
- 6M
- -44.58%
- YTD
- -37.71%
- 1Y
- -72.02%
- 3Y*
- 6.82%
- 5Y*
- -18.93%
- 10Y*
- —
- ALL TIME*
- 143.96%
ETH-USD vs. AAVE-USD - Yearly Performance Comparison
Correlation
The correlation between ETH-USD and AAVE-USD is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.74 |
The correlation between ETH-USD and AAVE-USD has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
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Return for Risk
ETH-USD vs. AAVE-USD — Risk / Return Rank
ETH-USD
AAVE-USD
ETH-USD vs. AAVE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and Aave (AAVE-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.
| ETH-USD | AAVE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.86 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.87 | +0.14 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.26 | +0.15 |
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Drawdowns
ETH-USD vs. AAVE-USD - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, roughly equal to the maximum AAVE-USD drawdown of -92.10%. Use the drawdown chart below to compare losses from any high point for ETH-USD and AAVE-USD.
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Drawdown Indicators
| ETH-USD | AAVE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -92.10% | -1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -67.60% | -82.96% | +15.36% |
Max Drawdown (3Y)Largest decline over 3 years | -67.60% | -84.08% | +16.48% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -88.40% | +9.05% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -60.40% | -85.55% | +25.15% |
Average DrawdownAverage peak-to-trough decline | -51.01% | -68.80% | +17.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.69% | 45.64% | -10.95% |
Volatility
ETH-USD vs. AAVE-USD - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 13.43%, while Aave (AAVE-USD) has a volatility of 24.46%. This indicates that ETH-USD experiences smaller price fluctuations and is considered to be less risky than AAVE-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETH-USD | AAVE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.43% | 24.46% | -11.03% |
Volatility (6M)Calculated over the trailing 6-month period | 46.67% | 59.05% | -12.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.96% | 70.50% | -15.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.71% | 81.96% | -23.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.77% | 3,515.77% | -3,439.00% |
Frequently Asked Questions
ETH-USD and AAVE-USD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAVE-USD has higher volatility (24.46%) compared to ETH-USD (13.43%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs AAVE-USD's -92.10%.
ETH-USD currently has the higher Sharpe Ratio (-0.74 vs -0.85), 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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