Correlation
The correlation between LINK-USD and AVAX-USD is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
LINK-USD vs. AVAX-USD
Compare and contrast key facts about ChainLink (LINK-USD) and Avalanche (AVAX-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LINK-USD or AVAX-USD.
Performance
LINK-USD vs. AVAX-USD - Performance Comparison
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Key characteristics
LINK-USD:
-0.19
AVAX-USD:
-0.40
LINK-USD:
1.48
AVAX-USD:
0.35
LINK-USD:
1.14
AVAX-USD:
1.03
LINK-USD:
0.26
AVAX-USD:
0.02
LINK-USD:
1.53
AVAX-USD:
-0.53
LINK-USD:
34.85%
AVAX-USD:
43.37%
LINK-USD:
81.27%
AVAX-USD:
79.17%
LINK-USD:
-90.19%
AVAX-USD:
-93.47%
LINK-USD:
-71.19%
AVAX-USD:
-83.46%
Returns By Period
In the year-to-date period, LINK-USD achieves a -24.80% return, which is significantly higher than AVAX-USD's -37.67% return.
LINK-USD
-24.80%
5.23%
-17.77%
-16.19%
26.34%
29.26%
N/A
AVAX-USD
-37.67%
6.40%
-50.48%
-38.18%
-6.97%
N/A
N/A
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Risk-Adjusted Performance
LINK-USD vs. AVAX-USD — Risk-Adjusted Performance Rank
LINK-USD
AVAX-USD
LINK-USD vs. AVAX-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ChainLink (LINK-USD) and Avalanche (AVAX-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.
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Drawdowns
LINK-USD vs. AVAX-USD - Drawdown Comparison
The maximum LINK-USD drawdown since its inception was -90.19%, roughly equal to the maximum AVAX-USD drawdown of -93.47%. Use the drawdown chart below to compare losses from any high point for LINK-USD and AVAX-USD.
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Volatility
LINK-USD vs. AVAX-USD - Volatility Comparison
The current volatility for ChainLink (LINK-USD) is 22.43%, while Avalanche (AVAX-USD) has a volatility of 26.68%. This indicates that LINK-USD experiences smaller price fluctuations and is considered to be less risky than AVAX-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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