LINK-USD vs. ADA-USD
LINK-USD (Chainlink) and ADA-USD (Cardano) are both cryptocurrencies. Over the past 5 years, LINK-USD returned -19.50%/yr vs -35.76%/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 -35.24% return, which is significantly higher than ADA-USD's -48.83% return.
LINK-USD
- 1D
- 0.14%
- 1M
- -22.72%
- YTD
- -35.24%
- 6M
- -42.15%
- 1Y
- -43.55%
- 3Y*
- 14.18%
- 5Y*
- -19.50%
- 10Y*
- —
ADA-USD
- 1D
- -0.08%
- 1M
- -35.62%
- YTD
- -48.83%
- 6M
- -58.36%
- 1Y
- -74.25%
- 3Y*
- -14.77%
- 5Y*
- -35.76%
- 10Y*
- —
LINK-USD vs. ADA-USD - Yearly Performance Comparison
Correlation
The correlation between LINK-USD and ADA-USD is 0.90, 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 | 0.90 |
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 (0.90) 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 | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.83 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.89 | +0.29 |
| Martin ratioReturn relative to average drawdown | -0.90 | -1.38 | +0.48 |
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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 | -72.50% | -83.69% | +11.19% |
Max Drawdown (3Y)Largest decline over 3 years | -74.83% | -87.24% | +12.41% |
Max Drawdown (5Y)Largest decline over 5 years | -85.26% | -94.72% | +9.46% |
Current DrawdownCurrent decline from peak | -84.93% | -94.26% | +9.33% |
Average DrawdownAverage peak-to-trough decline | -60.41% | -77.55% | +17.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.01% | 60.91% | -8.90% |
Volatility
LINK-USD vs. ADA-USD - Volatility Comparison
The current volatility for Chainlink (LINK-USD) is 17.27%, while Cardano (ADA-USD) has a volatility of 22.36%. 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 | 17.27% | 22.36% | -5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 45.42% | 52.66% | -7.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.12% | 64.18% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.43% | 74.93% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.93% | 103.21% | -2.28% |
Frequently Asked Questions
LINK-USD and ADA-USD have a correlation of 0.90, 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 (22.36%) compared to LINK-USD (17.27%). In terms of maximum drawdown, LINK-USD dropped -90.19% vs ADA-USD's -97.85%.
LINK-USD currently has the higher Sharpe Ratio (-0.56 vs -0.96), 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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