SNX-USD vs. AVAX-USD
SNX-USD (SynthetixNetworkToken) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 5 years, SNX-USD returned -52.93%/yr vs -12.23%/yr for AVAX-USD. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
Performance
SNX-USD vs. AVAX-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SNX-USD having a -49.02% return and AVAX-USD slightly higher at -46.91%.
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%
AVAX-USD
- 1D
- 5.66%
- 1M
- -5.91%
- 6M
- -34.17%
- YTD
- -46.91%
- 1Y
- -68.70%
- 3Y*
- -19.33%
- 5Y*
- -12.23%
- 10Y*
- —
- ALL TIME*
- 5.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AVAX-USD Avalanche | $1.62B | $1.59B | $2.04B |
SNX-USD SynthetixNetworkToken | $3.26M | $2.89M | $2.85M |
SNX-USD vs. AVAX-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% | 164.02% |
AVAX-USD Avalanche | -46.91% | -65.48% | -7.43% | 253.44% | -90.05% | 3,388.95% | -32.04% |
Correlation
The correlation between SNX-USD and AVAX-USD is 0.67, 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. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.65 |
The correlation between SNX-USD and AVAX-USD has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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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 | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.85 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.83 | +0.14 |
| Martin ratioReturn relative to average drawdown | -0.85 | -1.09 | +0.24 |
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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.
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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 | -99.23% | -95.17% | -4.06% |
Average DrawdownAverage peak-to-trough decline | -73.40% | -70.77% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.73% | 39.18% | +6.55% |
Volatility
SNX-USD vs. AVAX-USD - Volatility Comparison
SynthetixNetworkToken (SNX-USD) has a higher volatility of 20.08% compared to Avalanche (AVAX-USD) at 15.66%. 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.
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Volatility by Period
| SNX-USD | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.08% | 15.66% | +4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 59.49% | 46.25% | +13.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.19% | 64.67% | +52.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.30% | 83.51% | +15.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.91% | 95.94% | +20.97% |
Frequently Asked Questions
SNX-USD and AVAX-USD have a correlation of 0.67, 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 (20.08%) compared to AVAX-USD (15.66%). In terms of maximum drawdown, SNX-USD dropped -99.26% vs AVAX-USD's -95.65%.
SNX-USD currently has the higher Sharpe Ratio (-0.44 vs -0.88), 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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