MKR-USD vs. AVAX-USD
MKR-USD (Maker) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 5 years, MKR-USD returned -8.15%/yr vs -9.58%/yr for AVAX-USD. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
MKR-USD vs. AVAX-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MKR-USD achieves a -2.38% return, which is significantly higher than AVAX-USD's -49.51% return.
MKR-USD
- 1D
- -1.76%
- 1M
- -22.28%
- YTD
- -2.38%
- 6M
- -17.91%
- 1Y
- -30.83%
- 3Y*
- 24.03%
- 5Y*
- -8.15%
- 10Y*
- —
AVAX-USD
- 1D
- -3.42%
- 1M
- -31.98%
- YTD
- -49.51%
- 6M
- -48.59%
- 1Y
- -64.68%
- 3Y*
- -22.15%
- 5Y*
- -9.58%
- 10Y*
- —
MKR-USD vs. AVAX-USD - Yearly Performance Comparison
Correlation
The correlation between MKR-USD and AVAX-USD is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.53 |
The correlation between MKR-USD and AVAX-USD has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.88 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.78 | +0.22 |
| Martin ratioReturn relative to average drawdown | -1.01 | -1.13 | +0.12 |
Loading charts...
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.
Loading charts...
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 | -78.09% | -95.41% | +17.32% |
Average DrawdownAverage peak-to-trough decline | -66.23% | -70.33% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.40% | 48.58% | -32.18% |
Volatility
MKR-USD vs. AVAX-USD - Volatility Comparison
Maker (MKR-USD) has a higher volatility of 25.84% compared to Avalanche (AVAX-USD) at 21.65%. 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.
Loading charts...
Volatility by Period
| MKR-USD | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.84% | 21.65% | +4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 49.75% | 48.22% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.02% | 65.79% | -3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.98% | 83.81% | -10.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 321.53% | 96.60% | +224.93% |
Frequently Asked Questions
MKR-USD and AVAX-USD have a correlation of 0.48, 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 (25.84%) compared to AVAX-USD (21.65%). In terms of maximum drawdown, MKR-USD dropped -91.59% vs AVAX-USD's -95.65%.
MKR-USD currently has the higher Sharpe Ratio (-0.43 vs -0.82), 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.
Find the right allocation for MKR-USD and AVAX-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer