LINK-USD vs. ADA-USD
LINK-USD (Chainlink) and ADA-USD (Cardano) are both cryptocurrencies. Over the past 5 years, LINK-USD returned -10.87%/yr vs -31.96%/yr for ADA-USD. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
LINK-USD vs. ADA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, LINK-USD achieves a -29.37% return, which is significantly higher than ADA-USD's -48.72% return.
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
- 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 vs. ADA-USD - Yearly Performance Comparison
Correlation
The correlation between LINK-USD and ADA-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, LINK-USD and ADA-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
LINK-USD vs. ADA-USD — Risk / Return Rank
LINK-USD
ADA-USD
LINK-USD vs. ADA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chainlink (LINK-USD) and Cardano (ADA-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.
| LINK-USD | ADA-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 | 0.91 | 0.79 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.94 | +0.18 |
| Martin ratioReturn relative to average drawdown | -1.04 | -1.34 | +0.30 |
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Drawdowns
LINK-USD vs. ADA-USD - Drawdown Comparison
The maximum LINK-USD drawdown since its inception was -90.19%, smaller than the maximum ADA-USD drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for LINK-USD and ADA-USD.
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Drawdown Indicators
| LINK-USD | ADA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -97.85% | +7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -73.15% | -85.07% | +11.92% |
Max Drawdown (3Y)Largest decline over 3 years | -75.42% | -88.33% | +12.91% |
Max Drawdown (5Y)Largest decline over 5 years | -85.26% | -95.16% | +9.90% |
Current DrawdownCurrent decline from peak | -83.56% | -94.25% | +10.69% |
Average DrawdownAverage peak-to-trough decline | -60.70% | -77.75% | +17.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.24% | 51.03% | -14.79% |
Volatility
LINK-USD vs. ADA-USD - Volatility Comparison
The current volatility for Chainlink (LINK-USD) is 12.90%, while Cardano (ADA-USD) has a volatility of 20.98%. This indicates that LINK-USD experiences smaller price fluctuations and is considered to be less risky than ADA-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LINK-USD | ADA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.90% | 20.98% | -8.08% |
Volatility (6M)Calculated over the trailing 6-month period | 44.57% | 52.04% | -7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.39% | 64.17% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.29% | 74.60% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.40% | 102.79% | -2.39% |
Frequently Asked Questions
LINK-USD and ADA-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, LINK-USD dropped -90.19% vs ADA-USD's -97.85%.
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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