MKR-USD vs. AVAX-USD
MKR-USD (Maker) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 5 years, MKR-USD returned -9.56%/yr vs -9.25%/yr for AVAX-USD. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
MKR-USD vs. AVAX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MKR-USD achieves a 10.98% return, which is significantly higher than AVAX-USD's -46.42% return.
MKR-USD
- 1D
- -0.87%
- 1M
- 5.64%
- 6M
- -2.14%
- YTD
- 10.98%
- 1Y
- -20.51%
- 3Y*
- 17.38%
- 5Y*
- -9.56%
- 10Y*
- —
AVAX-USD
- 1D
- 1.23%
- 1M
- -2.51%
- 6M
- -51.47%
- YTD
- -46.42%
- 1Y
- -72.46%
- 3Y*
- -21.86%
- 5Y*
- -9.25%
- 10Y*
- —
MKR-USD vs. AVAX-USD - Yearly Performance Comparison
Correlation
The correlation between MKR-USD and AVAX-USD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.52 |
The correlation between MKR-USD and AVAX-USD has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
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Return for Risk
MKR-USD vs. AVAX-USD — Risk / Return Rank
MKR-USD
AVAX-USD
MKR-USD vs. AVAX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Maker (MKR-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.
| MKR-USD | AVAX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.83 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.87 | +0.50 |
| Martin ratioReturn relative to average drawdown | -0.64 | -1.19 | +0.55 |
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Drawdowns
MKR-USD vs. AVAX-USD - Drawdown Comparison
The maximum MKR-USD drawdown since its inception was -91.59%, roughly equal to the maximum AVAX-USD drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for MKR-USD and AVAX-USD.
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Drawdown Indicators
| MKR-USD | AVAX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.59% | -95.65% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -57.25% | -83.27% | +26.02% |
Max Drawdown (3Y)Largest decline over 3 years | -77.22% | -90.29% | +13.07% |
Max Drawdown (5Y)Largest decline over 5 years | -87.00% | -95.65% | +8.65% |
Current DrawdownCurrent decline from peak | -75.10% | -95.13% | +20.03% |
Average DrawdownAverage peak-to-trough decline | -66.31% | -70.59% | +4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.74% | 46.16% | -32.42% |
Volatility
MKR-USD vs. AVAX-USD - Volatility Comparison
Maker (MKR-USD) has a higher volatility of 23.23% compared to Avalanche (AVAX-USD) at 18.05%. This indicates that MKR-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
| MKR-USD | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.23% | 18.05% | +5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 50.01% | 46.99% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.37% | 64.97% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.85% | 83.57% | -10.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 320.45% | 96.19% | +224.26% |
Frequently Asked Questions
MKR-USD and AVAX-USD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MKR-USD has higher volatility (23.23%) compared to AVAX-USD (18.05%). In terms of maximum drawdown, MKR-USD dropped -91.59% vs AVAX-USD's -95.65%.
MKR-USD currently has the higher Sharpe Ratio (-0.28 vs -0.93), 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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