SHIB-USD vs. AAVE-USD
SHIB-USD (Shiba Inu) and AAVE-USD (Aave) are both cryptocurrencies. Over the past 5 years, SHIB-USD returned -7.04%/yr vs -27.28%/yr for AAVE-USD. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
SHIB-USD vs. AAVE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SHIB-USD achieves a -29.46% return, which is significantly higher than AAVE-USD's -55.84% return.
SHIB-USD
- 1D
- 1.04%
- 1M
- -22.61%
- YTD
- -29.46%
- 6M
- -41.23%
- 1Y
- -60.23%
- 3Y*
- -10.59%
- 5Y*
- -7.04%
- 10Y*
- —
AAVE-USD
- 1D
- 0.14%
- 1M
- -33.18%
- YTD
- -55.84%
- 6M
- -66.36%
- 1Y
- -78.11%
- 3Y*
- 5.36%
- 5Y*
- -27.28%
- 10Y*
- —
SHIB-USD vs. AAVE-USD - Yearly Performance Comparison
Correlation
The correlation between SHIB-USD and AAVE-USD is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.63 |
The correlation between SHIB-USD and AAVE-USD shifts across timeframes, from 0.63 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SHIB-USD vs. AAVE-USD — Risk / Return Rank
SHIB-USD
AAVE-USD
SHIB-USD vs. AAVE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shiba Inu (SHIB-USD) 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.
| SHIB-USD | AAVE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.82 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.94 | +0.09 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.51 | +0.19 |
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Drawdowns
SHIB-USD vs. AAVE-USD - Drawdown Comparison
The maximum SHIB-USD drawdown since its inception was -94.38%, roughly equal to the maximum AAVE-USD drawdown of -92.10%. Use the drawdown chart below to compare losses from any high point for SHIB-USD and AAVE-USD.
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Drawdown Indicators
| SHIB-USD | AAVE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.38% | -92.10% | -2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -70.62% | -82.96% | +12.34% |
Max Drawdown (3Y)Largest decline over 3 years | -87.33% | -84.08% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -94.38% | -88.40% | -5.98% |
Current DrawdownCurrent decline from peak | -94.01% | -89.76% | -4.25% |
Average DrawdownAverage peak-to-trough decline | -80.13% | -68.48% | -11.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.21% | 54.76% | -9.55% |
Volatility
SHIB-USD vs. AAVE-USD - Volatility Comparison
The current volatility for Shiba Inu (SHIB-USD) is 14.76%, while Aave (AAVE-USD) has a volatility of 19.32%. This indicates that SHIB-USD 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
| SHIB-USD | AAVE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.76% | 19.32% | -4.56% |
Volatility (6M)Calculated over the trailing 6-month period | 45.97% | 57.47% | -11.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.77% | 69.50% | -13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.44% | 82.99% | +12.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.85% | 3,547.74% | -3,338.89% |
Frequently Asked Questions
SHIB-USD and AAVE-USD have a correlation of 0.80, 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 (19.32%) compared to SHIB-USD (14.76%). In terms of maximum drawdown, SHIB-USD dropped -94.38% vs AAVE-USD's -92.10%.
SHIB-USD currently has the higher Sharpe Ratio (-0.90 vs -0.93), 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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