SNX-USD vs. AAVE-USD
SNX-USD (SynthetixNetworkToken) and AAVE-USD (Aave) are both cryptocurrencies. Over the past 5 years, SNX-USD returned -49.07%/yr vs -19.20%/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 -44.63% return, which is significantly higher than AAVE-USD's -50.12% return.
SNX-USD
- 1D
- -7.35%
- 1M
- -24.58%
- YTD
- -44.63%
- 6M
- -47.21%
- 1Y
- -59.39%
- 3Y*
- -51.00%
- 5Y*
- -49.07%
- 10Y*
- —
AAVE-USD
- 1D
- -3.04%
- 1M
- -15.05%
- YTD
- -50.12%
- 6M
- -51.77%
- 1Y
- -71.75%
- 3Y*
- 8.38%
- 5Y*
- -19.20%
- 10Y*
- —
SNX-USD vs. AAVE-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNX-USD SynthetixNetworkToken | -44.63% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 55.92% |
AAVE-USD Aave | -50.12% | -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 2, 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.
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.
| SNX-USD | AAVE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.86 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.86 | +0.21 |
| Martin ratioReturn relative to average drawdown | -0.88 | -1.34 | +0.46 |
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Drawdowns
SNX-USD vs. AAVE-USD - Drawdown Comparison
The maximum SNX-USD drawdown since its inception was -99.16%, 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 | -99.16% | -92.10% | -7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -90.10% | -82.96% | -7.14% |
Max Drawdown (3Y)Largest decline over 3 years | -95.56% | -84.08% | -11.48% |
Max Drawdown (5Y)Largest decline over 5 years | -98.49% | -88.40% | -10.09% |
Current DrawdownCurrent decline from peak | -99.16% | -88.43% | -10.73% |
Average DrawdownAverage peak-to-trough decline | -73.05% | -68.58% | -4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.77% | 48.48% | +26.29% |
Volatility
SNX-USD vs. AAVE-USD - Volatility Comparison
The current volatility for SynthetixNetworkToken (SNX-USD) is 19.49%, while Aave (AAVE-USD) has a volatility of 22.20%. This indicates that SNX-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
| SNX-USD | AAVE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.49% | 22.20% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 57.93% | 56.70% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 115.94% | 69.76% | +46.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.44% | 82.36% | +18.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.28% | 3,538.39% | -3,421.11% |
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.
AAVE-USD has higher volatility (22.20%) compared to SNX-USD (19.49%). In terms of maximum drawdown, SNX-USD dropped -99.16% vs AAVE-USD's -92.10%.
SNX-USD currently has the higher Sharpe Ratio (-0.43 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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