PLNUSD=X vs. AAVE-USD
PLNUSD=X (PLN/USD) is a currency, while AAVE-USD (Aave) is a cryptocurrency. Over the past 5 years, PLNUSD=X returned 0.54%/yr vs -18.43%/yr for AAVE-USD. At a 0.16 correlation, their price movements are largely independent.
Performance
PLNUSD=X vs. AAVE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, PLNUSD=X achieves a -5.01% return, which is significantly higher than AAVE-USD's -37.29% return.
PLNUSD=X
- 1D
- -0.38%
- 1M
- -3.45%
- 6M
- -4.00%
- YTD
- -5.01%
- 1Y
- -3.22%
- 3Y*
- 1.54%
- 5Y*
- 0.54%
- 10Y*
- 0.44%
AAVE-USD
- 1D
- -4.48%
- 1M
- 20.55%
- 6M
- -46.78%
- YTD
- -37.29%
- 1Y
- -71.74%
- 3Y*
- 6.72%
- 5Y*
- -18.43%
- 10Y*
- —
PLNUSD=X vs. AAVE-USD - Yearly Performance Comparison
Correlation
The correlation between PLNUSD=X and AAVE-USD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.16 |
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Return for Risk
PLNUSD=X vs. AAVE-USD — Risk / Return Rank
PLNUSD=X
AAVE-USD
PLNUSD=X vs. AAVE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PLN/USD (PLNUSD=X) 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.
| PLNUSD=X | AAVE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.86 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | -0.86 | +0.55 |
| Martin ratioReturn relative to average drawdown | -0.74 | -1.26 | +0.53 |
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Drawdowns
PLNUSD=X vs. AAVE-USD - Drawdown Comparison
The maximum PLNUSD=X drawdown since its inception was -59.63%, smaller than the maximum AAVE-USD drawdown of -92.10%. Use the drawdown chart below to compare losses from any high point for PLNUSD=X and AAVE-USD.
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Drawdown Indicators
| PLNUSD=X | AAVE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.63% | -92.10% | +32.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -82.96% | +74.72% |
Max Drawdown (3Y)Largest decline over 3 years | -10.43% | -84.08% | +73.65% |
Max Drawdown (5Y)Largest decline over 5 years | -24.17% | -88.40% | +64.23% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | — | — |
Current DrawdownCurrent decline from peak | -46.54% | -85.46% | +38.92% |
Average DrawdownAverage peak-to-trough decline | -40.94% | -68.77% | +27.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 49.32% | -45.55% |
Volatility
PLNUSD=X vs. AAVE-USD - Volatility Comparison
The current volatility for PLN/USD (PLNUSD=X) is 1.51%, while Aave (AAVE-USD) has a volatility of 24.74%. This indicates that PLNUSD=X 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
| PLNUSD=X | AAVE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 24.74% | -23.23% |
Volatility (6M)Calculated over the trailing 6-month period | 5.92% | 59.16% | -53.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.56% | 70.49% | -62.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.46% | 82.02% | -71.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.91% | 3,519.10% | -3,509.19% |
Frequently Asked Questions
PLNUSD=X and AAVE-USD have a correlation of 0.14, 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 (24.74%) compared to PLNUSD=X (1.51%). In terms of maximum drawdown, PLNUSD=X dropped -59.63% vs AAVE-USD's -92.10%.
PLNUSD=X currently has the higher Sharpe Ratio (-0.34 vs -0.85), 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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