LINK-USD vs. AVAX-USD
LINK-USD (ChainLink) and AVAX-USD (Avalanche) are both cryptocurrencies. Over the past 5 years, LINK-USD returned -23.04%/yr vs -16.89%/yr for AVAX-USD. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
LINK-USD vs. AVAX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, LINK-USD achieves a -39.00% return, which is significantly higher than AVAX-USD's -43.90% return.
LINK-USD
- 1D
- -7.19%
- 1M
- -25.67%
- YTD
- -39.00%
- 6M
- -45.32%
- 1Y
- -42.35%
- 3Y*
- 5.89%
- 5Y*
- -23.04%
- 10Y*
- —
AVAX-USD
- 1D
- -10.39%
- 1M
- -28.27%
- YTD
- -43.90%
- 6M
- -47.73%
- 1Y
- -63.22%
- 3Y*
- -22.20%
- 5Y*
- -16.89%
- 10Y*
- —
LINK-USD vs. AVAX-USD - Yearly Performance Comparison
Correlation
The correlation between LINK-USD and AVAX-USD is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2020 | 0.69 |
The correlation between LINK-USD and AVAX-USD shifts across timeframes, from 0.69 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LINK-USD vs. AVAX-USD — Risk / Return Rank
LINK-USD
AVAX-USD
LINK-USD vs. AVAX-USD - Risk-Adjusted Trends 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.
| LINK-USD | AVAX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.88 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.79 | +0.20 |
| Martin ratioReturn relative to average drawdown | -0.89 | -1.16 | +0.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LINK-USD | AVAX-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | -0.80 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | -0.17 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.05 | +0.38 |
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 -94.90%. Use the drawdown chart below to compare losses from any high point for LINK-USD and AVAX-USD.
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Drawdown Indicators
| LINK-USD | AVAX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -94.90% | +4.71% |
Max Drawdown (1Y)Largest decline over 1 year | -72.24% | -80.40% | +8.16% |
Max Drawdown (3Y)Largest decline over 3 years | -74.59% | -88.63% | +14.04% |
Max Drawdown (5Y)Largest decline over 5 years | -85.26% | -94.90% | +9.64% |
Current DrawdownCurrent decline from peak | -85.80% | -94.90% | +9.10% |
Average DrawdownAverage peak-to-trough decline | -60.38% | -70.12% | +9.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.80% | 61.10% | -10.30% |
Volatility
LINK-USD vs. AVAX-USD - Volatility Comparison
The current volatility for ChainLink (LINK-USD) is 15.45%, while Avalanche (AVAX-USD) has a volatility of 17.15%. 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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Volatility by Period
| LINK-USD | AVAX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.45% | 17.15% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 44.81% | 47.57% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.50% | 66.14% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.62% | 84.49% | -8.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.88% | 96.90% | +3.98% |
Frequently Asked Questions
LINK-USD and AVAX-USD have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVAX-USD has higher volatility (17.15%) compared to LINK-USD (15.45%). In terms of maximum drawdown, LINK-USD dropped -90.19% vs AVAX-USD's -94.90%.
LINK-USD currently has the higher Sharpe Ratio (-0.54 vs -0.80), 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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