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AVAX-USD vs. LINK-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between AVAX-USD and LINK-USD is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

AVAX-USD vs. LINK-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avalanche (AVAX-USD) and ChainLink (LINK-USD). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
57.17%
79.80%
AVAX-USD
LINK-USD

Key characteristics

Sharpe Ratio

AVAX-USD:

0.18

LINK-USD:

1.42

Sortino Ratio

AVAX-USD:

0.98

LINK-USD:

2.37

Omega Ratio

AVAX-USD:

1.09

LINK-USD:

1.22

Calmar Ratio

AVAX-USD:

0.05

LINK-USD:

0.89

Martin Ratio

AVAX-USD:

0.54

LINK-USD:

4.55

Ulcer Index

AVAX-USD:

30.48%

LINK-USD:

29.59%

Daily Std Dev

AVAX-USD:

78.43%

LINK-USD:

75.57%

Max Drawdown

AVAX-USD:

-93.48%

LINK-USD:

-90.17%

Current Drawdown

AVAX-USD:

-71.03%

LINK-USD:

-53.02%

Returns By Period

In the year-to-date period, AVAX-USD achieves a 1.25% return, which is significantly lower than LINK-USD's 63.78% return.


AVAX-USD

YTD

1.25%

1M

-5.93%

6M

57.17%

1Y

-18.20%

5Y*

N/A

10Y*

N/A

LINK-USD

YTD

63.78%

1M

40.80%

6M

79.80%

1Y

59.89%

5Y*

68.59%

10Y*

N/A

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Risk-Adjusted Performance

AVAX-USD vs. LINK-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Avalanche (AVAX-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.


Sharpe ratio
The chart of Sharpe ratio for AVAX-USD, currently valued at 0.18, compared to the broader market0.002.004.006.000.181.42
The chart of Sortino ratio for AVAX-USD, currently valued at 0.98, compared to the broader market-1.000.001.002.003.004.005.000.982.37
The chart of Omega ratio for AVAX-USD, currently valued at 1.09, compared to the broader market1.001.201.401.091.22
The chart of Calmar ratio for AVAX-USD, currently valued at 0.05, compared to the broader market1.002.003.004.005.006.000.050.89
The chart of Martin ratio for AVAX-USD, currently valued at 0.54, compared to the broader market0.0010.0020.0030.0040.0050.0060.000.544.55
AVAX-USD
LINK-USD

The current AVAX-USD Sharpe Ratio is 0.18, which is lower than the LINK-USD Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of AVAX-USD and LINK-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.18
1.42
AVAX-USD
LINK-USD

Drawdowns

AVAX-USD vs. LINK-USD - Drawdown Comparison

The maximum AVAX-USD drawdown since its inception was -93.48%, roughly equal to the maximum LINK-USD drawdown of -90.17%. Use the drawdown chart below to compare losses from any high point for AVAX-USD and LINK-USD. For additional features, visit the drawdowns tool.


-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%JulyAugustSeptemberOctoberNovemberDecember
-71.03%
-53.02%
AVAX-USD
LINK-USD

Volatility

AVAX-USD vs. LINK-USD - Volatility Comparison

The current volatility for Avalanche (AVAX-USD) is 34.68%, while ChainLink (LINK-USD) has a volatility of 46.46%. This indicates that AVAX-USD experiences smaller price fluctuations and is considered to be less risky than LINK-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


15.00%20.00%25.00%30.00%35.00%40.00%45.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
34.68%
46.46%
AVAX-USD
LINK-USD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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