AAVE-USD vs. LINK-USD
AAVE-USD (Aave) and LINK-USD (Chainlink) are both cryptocurrencies. Over the past 5 years, AAVE-USD returned -27.28%/yr vs -19.50%/yr for LINK-USD. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
AAVE-USD vs. LINK-USD - Performance Comparison
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Returns By Period
In the year-to-date period, AAVE-USD achieves a -55.84% return, which is significantly lower than LINK-USD's -35.24% return.
AAVE-USD
- 1D
- 0.14%
- 1M
- -33.18%
- YTD
- -55.84%
- 6M
- -66.36%
- 1Y
- -78.11%
- 3Y*
- 5.36%
- 5Y*
- -27.28%
- 10Y*
- —
LINK-USD
- 1D
- 0.14%
- 1M
- -22.72%
- YTD
- -35.24%
- 6M
- -42.15%
- 1Y
- -43.55%
- 3Y*
- 14.18%
- 5Y*
- -19.50%
- 10Y*
- —
AAVE-USD vs. LINK-USD - Yearly Performance Comparison
Correlation
The correlation between AAVE-USD and LINK-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 | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.70 |
The correlation between AAVE-USD and LINK-USD shifts across timeframes, from 0.70 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AAVE-USD vs. LINK-USD — Risk / Return Rank
AAVE-USD
LINK-USD
AAVE-USD vs. LINK-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aave (AAVE-USD) and Chainlink (LINK-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.
| AAVE-USD | LINK-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.95 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.60 | -0.34 |
| Martin ratioReturn relative to average drawdown | -1.51 | -0.90 | -0.61 |
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Drawdowns
AAVE-USD vs. LINK-USD - Drawdown Comparison
The maximum AAVE-USD drawdown since its inception was -92.10%, roughly equal to the maximum LINK-USD drawdown of -90.19%. Use the drawdown chart below to compare losses from any high point for AAVE-USD and LINK-USD.
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Drawdown Indicators
| AAVE-USD | LINK-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.10% | -90.19% | -1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -82.96% | -72.50% | -10.46% |
Max Drawdown (3Y)Largest decline over 3 years | -84.08% | -74.83% | -9.25% |
Max Drawdown (5Y)Largest decline over 5 years | -88.40% | -85.26% | -3.14% |
Current DrawdownCurrent decline from peak | -89.76% | -84.93% | -4.83% |
Average DrawdownAverage peak-to-trough decline | -68.48% | -60.41% | -8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.76% | 52.01% | +2.75% |
Volatility
AAVE-USD vs. LINK-USD - Volatility Comparison
Aave (AAVE-USD) has a higher volatility of 19.32% compared to Chainlink (LINK-USD) at 17.27%. This indicates that AAVE-USD's price experiences larger fluctuations and is considered to be riskier than LINK-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAVE-USD | LINK-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.32% | 17.27% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 57.47% | 45.42% | +12.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.50% | 65.12% | +4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.99% | 75.43% | +7.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,547.74% | 100.93% | +3,446.81% |
Frequently Asked Questions
AAVE-USD and LINK-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.
AAVE-USD has higher volatility (19.32%) compared to LINK-USD (17.27%). In terms of maximum drawdown, AAVE-USD dropped -92.10% vs LINK-USD's -90.19%.
LINK-USD currently has the higher Sharpe Ratio (-0.56 vs -0.93), 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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