SOL-USD vs. AVAX-USD
SOL-USD (Solana) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 5 years, SOL-USD returned 13.61%/yr vs -16.53%/yr for AVAX-USD. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
SOL-USD vs. AVAX-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SOL-USD achieves a -39.98% return, which is significantly lower than AVAX-USD's -33.33% return.
SOL-USD
- 1D
- -7.96%
- 1M
- -10.98%
- YTD
- -39.98%
- 6M
- -46.14%
- 1Y
- -52.39%
- 3Y*
- 52.17%
- 5Y*
- 13.61%
- 10Y*
- —
AVAX-USD
- 1D
- -7.97%
- 1M
- -9.69%
- YTD
- -33.33%
- 6M
- -39.84%
- 1Y
- -61.25%
- 3Y*
- -17.46%
- 5Y*
- -16.53%
- 10Y*
- —
SOL-USD vs. AVAX-USD - Yearly Performance Comparison
Correlation
The correlation between SOL-USD and AVAX-USD is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2020 | 0.67 |
The correlation between SOL-USD and AVAX-USD shifts across timeframes, from 0.67 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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
SOL-USD vs. AVAX-USD — Risk / Return Rank
SOL-USD
AVAX-USD
SOL-USD vs. AVAX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-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.
| SOL-USD | AVAX-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.73 | -0.78 | +0.05 |
Sortino ratioReturn per unit of downside risk | -0.94 | -1.08 | +0.14 |
Omega ratioGain probability vs. loss probability | 0.91 | 0.89 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | -1.15 | -1.17 | +0.02 |
Martin ratioReturn relative to average drawdown | -1.52 | -1.41 | -0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SOL-USD | AVAX-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | -0.78 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | -0.16 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.08 | +0.78 |
Drawdowns
SOL-USD vs. AVAX-USD - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, roughly equal to the maximum AVAX-USD drawdown of -93.94%. Use the drawdown chart below to compare losses from any high point for SOL-USD and AVAX-USD.
Loading charts...
Drawdown Indicators
| SOL-USD | AVAX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.27% | -93.94% | -2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -69.83% | -76.70% | +6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -71.49% | -86.49% | +15.00% |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | -93.94% | -2.33% |
Current DrawdownCurrent decline from peak | -71.49% | -93.94% | +22.45% |
Average DrawdownAverage peak-to-trough decline | -51.33% | -70.09% | +18.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.35% | 61.62% | -10.27% |
Volatility
SOL-USD vs. AVAX-USD - Volatility Comparison
Solana (SOL-USD) and Avalanche (AVAX-USD) have volatilities of 14.01% and 13.66%, 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.
Loading charts...
Volatility by Period
| SOL-USD | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.01% | 13.66% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 45.50% | 47.67% | -2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.61% | 65.59% | -5.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.79% | 84.53% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.86% | 96.88% | +2.98% |
Frequently Asked Questions
SOL-USD and AVAX-USD have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOL-USD has higher volatility (14.01%) compared to AVAX-USD (13.66%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs AVAX-USD's -93.94%.
SOL-USD currently has the higher Sharpe Ratio (-0.73 vs -0.78), 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 SOL-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