ADA-USD vs. LINK-USD
ADA-USD (Cardano) and LINK-USD (Chainlink) are both cryptocurrencies. Over the past 5 years, ADA-USD returned -31.96%/yr vs -10.87%/yr for LINK-USD. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
ADA-USD vs. LINK-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ADA-USD achieves a -48.72% return, which is significantly lower than LINK-USD's -29.37% return.
ADA-USD
- 1D
- 2.71%
- 1M
- 4.72%
- 6M
- -53.88%
- YTD
- -48.72%
- 1Y
- -80.11%
- 3Y*
- -18.32%
- 5Y*
- -31.96%
- 10Y*
- —
- ALL TIME*
- 24.64%
LINK-USD
- 1D
- 2.70%
- 1M
- 7.83%
- 6M
- -33.17%
- YTD
- -29.37%
- 1Y
- -55.39%
- 3Y*
- 1.92%
- 5Y*
- -10.87%
- 10Y*
- —
- ALL TIME*
- 57.41%
ADA-USD vs. LINK-USD - Yearly Performance Comparison
Correlation
The correlation between ADA-USD and LINK-USD is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.67 |
Over the past year, ADA-USD and LINK-USD have become more correlated (0.89) than their long-term average of 0.67, meaning their price movements have been converging.
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Return for Risk
ADA-USD vs. LINK-USD — Risk / Return Rank
ADA-USD
LINK-USD
ADA-USD vs. LINK-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardano (ADA-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.
| ADA-USD | LINK-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.91 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.76 | -0.18 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.04 | -0.30 |
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Drawdowns
ADA-USD vs. LINK-USD - Drawdown Comparison
The maximum ADA-USD drawdown since its inception was -97.85%, which is greater than LINK-USD's maximum drawdown of -90.19%. Use the drawdown chart below to compare losses from any high point for ADA-USD and LINK-USD.
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Drawdown Indicators
| ADA-USD | LINK-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.85% | -90.19% | -7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -85.07% | -73.15% | -11.92% |
Max Drawdown (3Y)Largest decline over 3 years | -88.33% | -75.42% | -12.91% |
Max Drawdown (5Y)Largest decline over 5 years | -95.16% | -85.26% | -9.90% |
Current DrawdownCurrent decline from peak | -94.25% | -83.56% | -10.69% |
Average DrawdownAverage peak-to-trough decline | -77.75% | -60.70% | -17.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.03% | 36.24% | +14.79% |
Volatility
ADA-USD vs. LINK-USD - Volatility Comparison
Cardano (ADA-USD) has a higher volatility of 20.98% compared to Chainlink (LINK-USD) at 12.90%. This indicates that ADA-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
| ADA-USD | LINK-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.98% | 12.90% | +8.08% |
Volatility (6M)Calculated over the trailing 6-month period | 52.04% | 44.57% | +7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.17% | 63.39% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.60% | 74.29% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.79% | 100.40% | +2.39% |
Frequently Asked Questions
ADA-USD and LINK-USD have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADA-USD has higher volatility (20.98%) compared to LINK-USD (12.90%). In terms of maximum drawdown, ADA-USD dropped -97.85% vs LINK-USD's -90.19%.
LINK-USD currently has the higher Sharpe Ratio (-0.73 vs -1.04), 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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