ETH-USD vs. LINK-USD
ETH-USD (Ethereum) and LINK-USD (Chainlink) are both cryptocurrencies. Over the past 5 years, ETH-USD returned -4.29%/yr vs -15.26%/yr for LINK-USD. Their 0.68 correlation means they have sometimes moved together and sometimes differently.
Performance
ETH-USD vs. LINK-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -35.49% return, which is significantly lower than LINK-USD's -30.54% return.
ETH-USD
- 1D
- 1.23%
- 1M
- 21.96%
- 6M
- -36.66%
- YTD
- -35.49%
- 1Y
- -49.62%
- 3Y*
- 0.59%
- 5Y*
- -4.29%
- 10Y*
- 65.40%
- ALL TIME*
- 80.14%
LINK-USD
- 1D
- 1.01%
- 1M
- 16.60%
- 6M
- -29.62%
- YTD
- -30.54%
- 1Y
- -53.29%
- 3Y*
- 2.55%
- 5Y*
- -15.26%
- 10Y*
- —
- ALL TIME*
- 56.94%
Liquidity Comparison
ETH-USD vs. LINK-USD - Yearly Performance Comparison
Correlation
The correlation between ETH-USD and LINK-USD is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2017 | 0.68 |
Over the past year, ETH-USD and LINK-USD have become more correlated (0.90) than their long-term average of 0.68, meaning their price movements have been converging.
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Return for Risk
ETH-USD vs. LINK-USD — Risk / Return Rank
ETH-USD
LINK-USD
ETH-USD vs. LINK-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-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.
| ETH-USD | LINK-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.91 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.73 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.10 | -0.98 | -0.12 |
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Drawdowns
ETH-USD vs. LINK-USD - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, roughly equal to the maximum LINK-USD drawdown of -90.19%. Use the drawdown chart below to compare losses from any high point for ETH-USD and LINK-USD.
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Drawdown Indicators
| ETH-USD | LINK-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -90.19% | -3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -67.60% | -73.15% | +5.55% |
Max Drawdown (3Y)Largest decline over 3 years | -67.60% | -75.42% | +7.82% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -85.26% | +5.91% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -60.38% | -83.83% | +23.45% |
Average DrawdownAverage peak-to-trough decline | -51.03% | -60.76% | +9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.37% | 34.55% | -0.18% |
Volatility
ETH-USD vs. LINK-USD - Volatility Comparison
Ethereum (ETH-USD) and Chainlink (LINK-USD) have volatilities of 13.08% and 13.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETH-USD | LINK-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.08% | 13.64% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 45.85% | 44.25% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.90% | 63.11% | -8.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.54% | 74.09% | -15.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.44% | 100.30% | -23.86% |
Frequently Asked Questions
With a correlation of 0.90, ETH-USD and LINK-USD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
LINK-USD has higher volatility (13.64%) compared to ETH-USD (13.08%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs LINK-USD's -90.19%.
LINK-USD currently has the higher Sharpe Ratio (-0.70 vs -0.75), 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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