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 -0.09%/yr vs -29.68%/yr for AAVE-USD. At a 0.15 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 -2.50% return, which is significantly higher than AAVE-USD's -56.87% return.
PLNUSD=X
- 1D
- -0.93%
- 1M
- -2.18%
- YTD
- -2.50%
- 6M
- -1.39%
- 1Y
- 1.57%
- 3Y*
- 4.40%
- 5Y*
- -0.09%
- 10Y*
- 0.41%
AAVE-USD
- 1D
- -11.74%
- 1M
- -33.35%
- YTD
- -56.87%
- 6M
- -65.75%
- 1Y
- -74.01%
- 3Y*
- 0.59%
- 5Y*
- -29.68%
- 10Y*
- —
PLNUSD=X vs. AAVE-USD - Yearly Performance Comparison
Correlation
The correlation between PLNUSD=X and AAVE-USD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
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 3, 2020 | 0.15 |
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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.
| PLNUSD=X | AAVE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.85 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.90 | +1.08 |
| Martin ratioReturn relative to average drawdown | 0.46 | -1.46 | +1.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PLNUSD=X | AAVE-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | -0.87 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.30 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.03 | -0.14 |
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 | -6.95% | -82.43% | +75.48% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -83.58% | +73.01% |
Max Drawdown (5Y)Largest decline over 5 years | -26.80% | -88.40% | +61.60% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | — | — |
Current DrawdownCurrent decline from peak | -45.12% | -90.00% | +44.88% |
Average DrawdownAverage peak-to-trough decline | -40.65% | -68.44% | +27.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 53.16% | -50.19% |
Volatility
PLNUSD=X vs. AAVE-USD - Volatility Comparison
The current volatility for PLN/USD (PLNUSD=X) is 1.59%, while Aave (AAVE-USD) has a volatility of 19.39%. 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 | 1.59% | 19.39% | -17.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.26% | 57.58% | -51.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.59% | 70.70% | -63.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.52% | 83.12% | -72.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.10% | 3,554.58% | -3,544.48% |
Frequently Asked Questions
PLNUSD=X and AAVE-USD have a correlation of 0.12, 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 (19.39%) compared to PLNUSD=X (1.59%). In terms of maximum drawdown, PLNUSD=X dropped -59.63% vs AAVE-USD's -92.10%.
PLNUSD=X currently has the higher Sharpe Ratio (0.17 vs -0.87), 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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