SNX-USD vs. AVAX-USD
SNX-USD (SynthetixNetworkToken) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 5 years, SNX-USD returned -53.31%/yr vs -11.29%/yr for AVAX-USD. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
SNX-USD vs. AVAX-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SNX-USD achieves a -43.41% return, which is significantly higher than AVAX-USD's -47.32% return.
SNX-USD
- 1D
- -5.69%
- 1M
- -3.73%
- 6M
- -49.12%
- YTD
- -43.41%
- 1Y
- -64.31%
- 3Y*
- -56.09%
- 5Y*
- -53.31%
- 10Y*
- —
AVAX-USD
- 1D
- 1.09%
- 1M
- -3.57%
- 6M
- -52.00%
- YTD
- -47.32%
- 1Y
- -69.45%
- 3Y*
- -23.81%
- 5Y*
- -11.29%
- 10Y*
- —
SNX-USD vs. AVAX-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNX-USD SynthetixNetworkToken | -43.41% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 164.02% |
AVAX-USD Avalanche | -47.32% | -65.48% | -7.43% | 253.44% | -90.05% | 3,388.95% | -32.04% |
Correlation
The correlation between SNX-USD and AVAX-USD is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.66 |
The correlation between SNX-USD and AVAX-USD has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SNX-USD vs. AVAX-USD — Risk / Return Rank
SNX-USD
AVAX-USD
SNX-USD vs. AVAX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SynthetixNetworkToken (SNX-USD) and Avalanche (AVAX-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 | AVAX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.85 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.83 | +0.13 |
| Martin ratioReturn relative to average drawdown | -0.91 | -1.15 | +0.25 |
Loading charts...
Drawdowns
SNX-USD vs. AVAX-USD - Drawdown Comparison
The maximum SNX-USD drawdown since its inception was -99.26%, roughly equal to the maximum AVAX-USD drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for SNX-USD and AVAX-USD.
Loading charts...
Drawdown Indicators
| SNX-USD | AVAX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.26% | -95.65% | -3.61% |
Max Drawdown (1Y)Largest decline over 1 year | -91.23% | -83.27% | -7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -96.06% | -90.29% | -5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -98.66% | -95.65% | -3.01% |
Current DrawdownCurrent decline from peak | -99.14% | -95.21% | -3.93% |
Average DrawdownAverage peak-to-trough decline | -73.23% | -70.54% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.74% | 45.45% | +14.29% |
Volatility
SNX-USD vs. AVAX-USD - Volatility Comparison
SynthetixNetworkToken (SNX-USD) has a higher volatility of 32.36% compared to Avalanche (AVAX-USD) at 17.48%. This indicates that SNX-USD's price experiences larger fluctuations and is considered to be riskier than AVAX-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SNX-USD | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.36% | 17.48% | +14.88% |
Volatility (6M)Calculated over the trailing 6-month period | 62.42% | 47.92% | +14.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.50% | 65.08% | +52.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.70% | 83.58% | +16.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.23% | 96.27% | +20.96% |
Frequently Asked Questions
SNX-USD and AVAX-USD have a correlation of 0.69, 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 (32.36%) compared to AVAX-USD (17.48%). In terms of maximum drawdown, SNX-USD dropped -99.26% vs AVAX-USD's -95.65%.
SNX-USD currently has the higher Sharpe Ratio (-0.45 vs -0.89), 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.
Find the right allocation for SNX-USD and AVAX-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer