MNTN.L vs. AAVE-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Schiehallion Fund Ltd (MNTN.L) and Aave (AAVE-USD).

Performance

MNTN.L vs. AAVE-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schiehallion Fund Ltd (MNTN.L) and Aave (AAVE-USD). The values are adjusted to include any dividend payments, if applicable.

MNTN.L vs. AAVE-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MNTN.L Schiehallion Fund Ltd	32.86%	29.82%	47.30%	-21.28%	-66.78%	101.42%	6.84%
AAVE-USD Aave	-33.40%	-52.70%	183.76%	109.27%	-79.56%	186.69%	17,045.98%

Returns By Period

In the year-to-date period, MNTN.L achieves a 32.86% return, which is significantly higher than AAVE-USD's -33.40% return.

MNTN.L

• 1D: 4.44%
• 1M: 0.53%
• YTD: 32.86%
• 6M: 62.07%
• 1Y: 104.35%
• 3Y*: 40.35%
• 5Y*: 0.87%
• 10Y*: —

AAVE-USD

• 1D: -1.06%
• 1M: -20.56%
• YTD: -33.40%
• 6M: -66.16%
• 1Y: -41.54%
• 3Y*: 9.97%
• 5Y*: -25.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MNTN.L vs. AAVE-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MNTN.L

MNTN.L Risk / Return Rank: 97
MNTN.L Sharpe Ratio Rank: 97
MNTN.L Sortino Ratio Rank: 98
MNTN.L Omega Ratio Rank: 98
MNTN.L Calmar Ratio Rank: 97
MNTN.L Martin Ratio Rank: 96

AAVE-USD

AAVE-USD Risk / Return Rank: 55
AAVE-USD Sharpe Ratio Rank: 61
AAVE-USD Sortino Ratio Rank: 64
AAVE-USD Omega Ratio Rank: 64
AAVE-USD Calmar Ratio Rank: 49
AAVE-USD Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MNTN.L vs. AAVE-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schiehallion Fund Ltd (MNTN.L) 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.

	MNTN.L	AAVE-USD	Difference
Sharpe ratio Return per unit of total volatility	3.37	-0.47	+3.84
Sortino ratio Return per unit of downside risk	4.46	-0.22	+4.68
Omega ratio Gain probability vs. loss probability	1.70	0.98	+0.72
Calmar ratio Return relative to maximum drawdown	8.06	-1.09	+9.14
Martin ratio Return relative to average drawdown	18.97	-1.68	+20.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MNTN.L vs. AAVE-USD - Sharpe Ratio Comparison

The current MNTN.L Sharpe Ratio is 3.37, which is higher than the AAVE-USD Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of MNTN.L and AAVE-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.

Sharpe Ratios by Period

	MNTN.L	AAVE-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.37	-0.47	+3.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	-0.24	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.04	+0.20

Correlation

The correlation between MNTN.L and AAVE-USD is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

MNTN.L vs. AAVE-USD - Drawdown Comparison

The maximum MNTN.L drawdown since its inception was -85.14%, smaller than the maximum AAVE-USD drawdown of -92.10%. Use the drawdown chart below to compare losses from any high point for MNTN.L and AAVE-USD.

Drawdown Indicators

	MNTN.L	AAVE-USD	Difference
Max Drawdown Largest peak-to-trough decline	-85.14%	-92.10%	+6.96%
Max Drawdown (1Y) Largest decline over 1 year	-13.23%	-73.33%	+60.10%
Max Drawdown (5Y) Largest decline over 5 years	-85.14%	-92.10%	+6.96%
Current Drawdown Current decline from peak	-36.49%	-84.55%	+48.06%
Average Drawdown Average peak-to-trough decline	-38.73%	-67.89%	+29.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.62%	47.46%	-41.84%

Volatility

MNTN.L vs. AAVE-USD - Volatility Comparison

The current volatility for Schiehallion Fund Ltd (MNTN.L) is 11.29%, while Aave (AAVE-USD) has a volatility of 19.21%. This indicates that MNTN.L 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.

Volatility by Period

	MNTN.L	AAVE-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.29%	19.21%	-7.92%
Volatility (6M) Calculated over the trailing 6-month period	22.85%	64.16%	-41.31%
Volatility (1Y) Calculated over the trailing 1-year period	30.77%	74.19%	-43.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.70%	87.71%	-50.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.40%	3,611.65%	-3,579.25%