TON-USD vs. AVAX-USD
TON-USD (Toncoin) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 3 years, TON-USD returned 2.00%/yr vs -18.59%/yr for AVAX-USD. At a 0.45 correlation, their price movements are largely independent.
Performance
TON-USD vs. AVAX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, TON-USD achieves a 12.06% return, which is significantly higher than AVAX-USD's -35.12% return.
TON-USD
- 1D
- -5.73%
- 1M
- 12.37%
- YTD
- 12.06%
- 6M
- 12.63%
- 1Y
- -41.64%
- 3Y*
- 2.00%
- 5Y*
- —
- 10Y*
- —
AVAX-USD
- 1D
- -2.30%
- 1M
- -13.07%
- YTD
- -35.12%
- 6M
- -46.04%
- 1Y
- -62.29%
- 3Y*
- -18.59%
- 5Y*
- -15.25%
- 10Y*
- —
TON-USD vs. AVAX-USD - Yearly Performance Comparison
Correlation
The correlation between TON-USD and AVAX-USD is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2021 | 0.45 |
Over the past year, TON-USD and AVAX-USD have become more correlated (0.66) than their long-term average of 0.45, meaning their price movements have been converging.
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Return for Risk
TON-USD vs. AVAX-USD — Risk / Return Rank
TON-USD
AVAX-USD
TON-USD vs. AVAX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toncoin (TON-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.
| TON-USD | AVAX-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.54 | -0.79 | +0.25 |
Sortino ratioReturn per unit of downside risk | -0.45 | -1.12 | +0.67 |
Omega ratioGain probability vs. loss probability | 0.95 | 0.89 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.81 | +0.18 |
Martin ratioReturn relative to average drawdown | -0.93 | -1.15 | +0.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TON-USD | AVAX-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | -0.79 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.08 | +0.14 |
Drawdowns
TON-USD vs. AVAX-USD - Drawdown Comparison
The maximum TON-USD drawdown since its inception was -85.31%, smaller than the maximum AVAX-USD drawdown of -94.10%. Use the drawdown chart below to compare losses from any high point for TON-USD and AVAX-USD.
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Drawdown Indicators
| TON-USD | AVAX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.31% | -94.10% | +8.79% |
Max Drawdown (1Y)Largest decline over 1 year | -66.28% | -77.33% | +11.05% |
Max Drawdown (3Y)Largest decline over 3 years | -85.31% | -86.85% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -94.10% | — |
Current DrawdownCurrent decline from peak | -77.28% | -94.10% | +16.82% |
Average DrawdownAverage peak-to-trough decline | -52.02% | -70.10% | +18.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.00% | 60.72% | -17.72% |
Volatility
TON-USD vs. AVAX-USD - Volatility Comparison
Toncoin (TON-USD) has a higher volatility of 41.81% compared to Avalanche (AVAX-USD) at 14.00%. This indicates that TON-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
| TON-USD | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.81% | 14.00% | +27.81% |
Volatility (6M)Calculated over the trailing 6-month period | 58.74% | 47.04% | +11.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.32% | 65.64% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.06% | 84.49% | +5.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.06% | 96.86% | -6.80% |
Frequently Asked Questions
TON-USD and AVAX-USD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TON-USD has higher volatility (41.81%) compared to AVAX-USD (14.00%). In terms of maximum drawdown, TON-USD dropped -85.31% vs AVAX-USD's -94.10%.
TON-USD currently has the higher Sharpe Ratio (-0.54 vs -0.79), 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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