SNX-USD vs. AAVE-USD
SNX-USD (SynthetixNetworkToken) and AAVE-USD (Aave) are both cryptocurrencies. Over the past 5 years, SNX-USD returned -52.93%/yr vs -21.56%/yr for AAVE-USD. Their 0.70 correlation means they have sometimes moved together and sometimes differently.
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 -49.02% return, which is significantly lower than AAVE-USD's -37.10% return.
SNX-USD
- 1D
- -0.95%
- 1M
- -17.06%
- 6M
- -37.80%
- YTD
- -49.02%
- 1Y
- -62.48%
- 3Y*
- -55.68%
- 5Y*
- -52.93%
- 10Y*
- —
- ALL TIME*
- -8.83%
AAVE-USD
- 1D
- 1.24%
- 1M
- 4.72%
- 6M
- -26.11%
- YTD
- -37.10%
- 1Y
- -63.24%
- 3Y*
- 13.35%
- 5Y*
- -21.56%
- 10Y*
- —
- ALL TIME*
- 143.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AAVE-USD Aave | $24.32B | $22.17B | $21.86B |
SNX-USD SynthetixNetworkToken | $3.26M | $2.89M | $2.85M |
SNX-USD vs. AAVE-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNX-USD SynthetixNetworkToken | -49.02% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 55.92% |
AAVE-USD Aave | -37.10% | -52.70% | 183.76% | 109.27% | -79.56% | 186.69% | 17,045.98% |
Correlation
The correlation between SNX-USD and AAVE-USD is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.70 |
The correlation between SNX-USD and AAVE-USD has been stable across timeframes, ranging from 0.65 to 0.70 - 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 | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.90 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.76 | +0.08 |
| Martin ratioReturn relative to average drawdown | -0.85 | -1.08 | +0.23 |
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Drawdowns
SNX-USD vs. AAVE-USD - Drawdown Comparison
The maximum SNX-USD drawdown since its inception was -99.26%, 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 | -99.26% | -92.10% | -7.16% |
Max Drawdown (1Y)Largest decline over 1 year | -91.23% | -82.96% | -8.27% |
Max Drawdown (3Y)Largest decline over 3 years | -96.06% | -84.08% | -11.98% |
Max Drawdown (5Y)Largest decline over 5 years | -98.66% | -88.40% | -10.26% |
Current DrawdownCurrent decline from peak | -99.23% | -85.41% | -13.82% |
Average DrawdownAverage peak-to-trough decline | -73.40% | -68.90% | -4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.73% | 45.91% | -0.18% |
Volatility
SNX-USD vs. AAVE-USD - Volatility Comparison
SynthetixNetworkToken (SNX-USD) and Aave (AAVE-USD) have volatilities of 20.08% and 20.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 20.08% | 20.82% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 59.49% | 58.84% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.19% | 71.09% | +46.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.30% | 81.83% | +17.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.91% | 3,505.04% | -3,388.13% |
Frequently Asked Questions
SNX-USD and AAVE-USD have a correlation of 0.65, 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 (20.82%) compared to SNX-USD (20.08%). In terms of maximum drawdown, SNX-USD dropped -99.26% vs AAVE-USD's -92.10%.
SNX-USD currently has the higher Sharpe Ratio (-0.44 vs -0.74), 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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