SNX-USD vs. AAVE-USD
SNX-USD (SynthetixNetworkToken) and AAVE-USD (Aave) are both cryptocurrencies. Over the past 5 years, SNX-USD returned -54.34%/yr vs -28.58%/yr for AAVE-USD. A 0.71 correlation means they provide meaningful diversification when combined.
Performance
SNX-USD vs. AAVE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SNX-USD achieves a -34.41% return, which is significantly higher than AAVE-USD's -49.24% return.
SNX-USD
- 1D
- -6.62%
- 1M
- -15.16%
- YTD
- -34.41%
- 6M
- -51.19%
- 1Y
- -62.02%
- 3Y*
- -51.50%
- 5Y*
- -54.34%
- 10Y*
- —
AAVE-USD
- 1D
- -7.74%
- 1M
- -19.92%
- YTD
- -49.24%
- 6M
- -61.04%
- 1Y
- -71.31%
- 3Y*
- 5.16%
- 5Y*
- -28.58%
- 10Y*
- —
SNX-USD vs. AAVE-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNX-USD SynthetixNetworkToken | -34.41% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 63.99% |
AAVE-USD Aave | -49.24% | -52.70% | 183.76% | 109.27% | -79.56% | 186.69% | 17,045.98% |
Correlation
The correlation between SNX-USD and AAVE-USD is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2020 | 0.71 |
The correlation between SNX-USD and AAVE-USD has been stable across timeframes, ranging from 0.69 to 0.71 - a consistent structural relationship.
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Return for Risk
SNX-USD vs. AAVE-USD — Risk / Return Rank
SNX-USD
AAVE-USD
SNX-USD vs. AAVE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SynthetixNetworkToken (SNX-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.
| SNX-USD | AAVE-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.44 | -0.85 | +0.40 |
Sortino ratioReturn per unit of downside risk | -0.18 | -1.45 | +1.27 |
Omega ratioGain probability vs. loss probability | 0.98 | 0.86 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | -0.82 | -1.13 | +0.31 |
Martin ratioReturn relative to average drawdown | -0.95 | -1.62 | +0.67 |
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
| SNX-USD | AAVE-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.44 | -0.85 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | -0.29 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.03 | -0.08 |
Drawdowns
SNX-USD vs. AAVE-USD - Drawdown Comparison
The maximum SNX-USD drawdown since its inception was -99.01%, which is greater than AAVE-USD's maximum drawdown of -92.10%. Use the drawdown chart below to compare losses from any high point for SNX-USD and AAVE-USD.
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Drawdown Indicators
| SNX-USD | AAVE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.01% | -92.10% | -6.91% |
Max Drawdown (1Y)Largest decline over 1 year | -88.27% | -79.31% | -8.96% |
Max Drawdown (3Y)Largest decline over 3 years | -94.73% | -80.67% | -14.06% |
Max Drawdown (5Y)Largest decline over 5 years | -98.21% | -88.40% | -9.81% |
Current DrawdownCurrent decline from peak | -99.01% | -88.23% | -10.78% |
Average DrawdownAverage peak-to-trough decline | -72.90% | -68.41% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 76.81% | 52.50% | +24.31% |
Volatility
SNX-USD vs. AAVE-USD - Volatility Comparison
SynthetixNetworkToken (SNX-USD) has a higher volatility of 17.15% compared to Aave (AAVE-USD) at 15.11%. This indicates that SNX-USD's price experiences larger fluctuations and is considered to be riskier 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
| SNX-USD | AAVE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.15% | 15.11% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 58.72% | 56.49% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 116.18% | 70.12% | +46.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.21% | 83.05% | +18.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.60% | 3,557.15% | -3,439.55% |
Frequently Asked Questions
SNX-USD and AAVE-USD have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNX-USD has higher volatility (17.15%) compared to AAVE-USD (15.11%). In terms of maximum drawdown, SNX-USD dropped -99.01% vs AAVE-USD's -92.10%.
SNX-USD currently has the higher Sharpe Ratio (-0.44 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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