MANA-USD vs. AAVE-USD
MANA-USD (Decentraland) and AAVE-USD (Aave) are both cryptocurrencies. Over the past 5 years, MANA-USD returned -37.44%/yr vs -22.28%/yr for AAVE-USD. Their 0.62 correlation means they have sometimes moved together and sometimes differently.
Performance
MANA-USD vs. AAVE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MANA-USD achieves a -45.42% return, which is significantly lower than AAVE-USD's -37.71% return.
MANA-USD
- 1D
- 0.61%
- 1M
- 3.60%
- 6M
- -42.18%
- YTD
- -45.42%
- 1Y
- -75.94%
- 3Y*
- -43.80%
- 5Y*
- -37.44%
- 10Y*
- —
- ALL TIME*
- 2.28%
AAVE-USD
- 1D
- -3.02%
- 1M
- 5.39%
- 6M
- -29.57%
- YTD
- -37.71%
- 1Y
- -64.40%
- 3Y*
- 12.12%
- 5Y*
- -22.28%
- 10Y*
- —
- ALL TIME*
- 142.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AAVE-USD Aave | $23.86B | $22.36B | $21.99B |
MANA-USD Decentraland | $670.83K | $1.00M | $1.26M |
MANA-USD vs. AAVE-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MANA-USD Decentraland | -45.42% | -73.97% | -10.59% | 75.55% | -90.91% | 4,072.47% | 1.43% |
AAVE-USD Aave | -37.71% | -52.70% | 183.76% | 109.27% | -79.56% | 186.69% | 17,045.98% |
Correlation
The correlation between MANA-USD and AAVE-USD is 0.68, 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. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.62 |
The correlation between MANA-USD and AAVE-USD has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
MANA-USD vs. AAVE-USD — Risk / Return Rank
MANA-USD
AAVE-USD
MANA-USD vs. AAVE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Decentraland (MANA-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.
| MANA-USD | AAVE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.90 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.78 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.22 | -1.10 | -0.12 |
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Drawdowns
MANA-USD vs. AAVE-USD - Drawdown Comparison
The maximum MANA-USD drawdown since its inception was -98.80%, which is greater than AAVE-USD's maximum drawdown of -92.10%. Use the drawdown chart below to compare losses from any high point for MANA-USD and AAVE-USD.
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Drawdown Indicators
| MANA-USD | AAVE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.80% | -92.10% | -6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -83.13% | -82.96% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -92.05% | -84.08% | -7.97% |
Max Drawdown (5Y)Largest decline over 5 years | -98.80% | -88.40% | -10.40% |
Current DrawdownCurrent decline from peak | -98.72% | -85.55% | -13.17% |
Average DrawdownAverage peak-to-trough decline | -78.98% | -68.89% | -10.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.58% | 45.78% | -1.20% |
Volatility
MANA-USD vs. AAVE-USD - Volatility Comparison
The current volatility for Decentraland (MANA-USD) is 18.39%, while Aave (AAVE-USD) has a volatility of 20.80%. This indicates that MANA-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
| MANA-USD | AAVE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.39% | 20.80% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 48.23% | 58.92% | -10.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.33% | 71.10% | -3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.33% | 81.83% | +20.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 171.27% | 3,505.86% | -3,334.59% |
Frequently Asked Questions
MANA-USD and AAVE-USD have a correlation of 0.68, 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 (20.80%) compared to MANA-USD (18.39%). In terms of maximum drawdown, MANA-USD dropped -98.80% vs AAVE-USD's -92.10%.
AAVE-USD currently has the higher Sharpe Ratio (-0.75 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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