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MKR-USD vs. AVAX-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Performance

MKR-USD vs. AVAX-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Maker (MKR-USD) and Avalanche (AVAX-USD). The values are adjusted to include any dividend payments, if applicable.

-60.00%-40.00%-20.00%0.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-40.67%
13.41%
MKR-USD
AVAX-USD

Returns By Period

In the year-to-date period, MKR-USD achieves a -3.90% return, which is significantly lower than AVAX-USD's 11.79% return.


MKR-USD

YTD

-3.90%

1M

40.69%

6M

-40.67%

1Y

10.83%

5Y (annualized)

28.16%

10Y (annualized)

N/A

AVAX-USD

YTD

11.79%

1M

61.61%

6M

13.41%

1Y

108.44%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


MKR-USDAVAX-USD
Sharpe Ratio-0.61-0.39
Sortino Ratio-0.69-0.05
Omega Ratio0.941.00
Calmar Ratio0.010.02
Martin Ratio-1.19-0.71
Ulcer Index46.10%50.28%
Daily Std Dev69.84%77.40%
Max Drawdown-91.67%-93.48%
Current Drawdown-73.10%-68.02%

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Correlation

-0.50.00.51.00.5

The correlation between MKR-USD and AVAX-USD is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

MKR-USD vs. AVAX-USD - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for MKR-USD, currently valued at -0.61, compared to the broader market0.001.002.00-0.61-0.39
The chart of Sortino ratio for MKR-USD, currently valued at -0.69, compared to the broader market-1.000.001.002.003.00-0.69-0.05
The chart of Omega ratio for MKR-USD, currently valued at 0.94, compared to the broader market0.901.001.101.201.301.400.941.00
The chart of Calmar ratio for MKR-USD, currently valued at 0.01, compared to the broader market0.501.001.502.000.010.02
The chart of Martin ratio for MKR-USD, currently valued at -1.19, compared to the broader market0.005.0010.00-1.19-0.71
MKR-USD
AVAX-USD

The current MKR-USD Sharpe Ratio is -0.61, which is lower than the AVAX-USD Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of MKR-USD and AVAX-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.002.004.006.008.00JuneJulyAugustSeptemberOctoberNovember
-0.61
-0.39
MKR-USD
AVAX-USD

Drawdowns

MKR-USD vs. AVAX-USD - Drawdown Comparison

The maximum MKR-USD drawdown since its inception was -91.67%, roughly equal to the maximum AVAX-USD drawdown of -93.48%. Use the drawdown chart below to compare losses from any high point for MKR-USD and AVAX-USD. For additional features, visit the drawdowns tool.


-90.00%-80.00%-70.00%-60.00%-50.00%JuneJulyAugustSeptemberOctoberNovember
-73.10%
-68.02%
MKR-USD
AVAX-USD

Volatility

MKR-USD vs. AVAX-USD - Volatility Comparison

Maker (MKR-USD) and Avalanche (AVAX-USD) have volatilities of 30.22% and 31.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
30.22%
31.72%
MKR-USD
AVAX-USD