BTC-USD vs. LINK-USD
BTC-USD (Bitcoin) and LINK-USD (Chainlink) are both cryptocurrencies. Over the past 5 years, BTC-USD returned 15.31%/yr vs -10.87%/yr for LINK-USD. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
BTC-USD vs. LINK-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -25.13% return, which is significantly higher than LINK-USD's -29.37% return.
BTC-USD
- 1D
- 1.28%
- 1M
- 2.00%
- 6M
- -29.23%
- YTD
- -25.13%
- 1Y
- -44.16%
- 3Y*
- 29.87%
- 5Y*
- 15.31%
- 10Y*
- 58.50%
- ALL TIME*
- 89.00%
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%
BTC-USD vs. LINK-USD - Yearly Performance Comparison
Correlation
The correlation between BTC-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 | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2017 | 0.60 |
Over the past year, BTC-USD and LINK-USD have become more correlated (0.84) than their long-term average of 0.60, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. LINK-USD — Risk / Return Rank
BTC-USD
LINK-USD
BTC-USD vs. LINK-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-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.
| BTC-USD | LINK-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.91 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.76 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.04 | -0.29 |
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Drawdowns
BTC-USD vs. LINK-USD - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, smaller than the maximum LINK-USD drawdown of -90.19%. Use the drawdown chart below to compare losses from any high point for BTC-USD and LINK-USD.
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Drawdown Indicators
| BTC-USD | LINK-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -90.19% | +4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -73.15% | +20.07% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | -75.42% | +22.34% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -85.26% | +8.59% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -47.48% | -83.56% | +36.08% |
Average DrawdownAverage peak-to-trough decline | -42.61% | -60.70% | +18.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.88% | 36.24% | -8.36% |
Volatility
BTC-USD vs. LINK-USD - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 9.37%, while Chainlink (LINK-USD) has a volatility of 12.90%. This indicates that BTC-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.
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Volatility by Period
| BTC-USD | LINK-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 12.90% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 34.93% | 44.57% | -9.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.76% | 63.39% | -27.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.93% | 74.29% | -30.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.33% | 100.40% | -44.07% |
Frequently Asked Questions
BTC-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.
LINK-USD has higher volatility (12.90%) compared to BTC-USD (9.37%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs LINK-USD's -90.19%.
LINK-USD currently has the higher Sharpe Ratio (-0.73 vs -1.03), 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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