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.
Correlation
The correlation between LINK-USD and AVAX-USD is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
LINK-USD vs. AVAX-USD - Performance Comparison
Key characteristics
LINK-USD:
0.73
AVAX-USD:
-0.28
LINK-USD:
1.73
AVAX-USD:
0.20
LINK-USD:
1.16
AVAX-USD:
1.02
LINK-USD:
0.38
AVAX-USD:
0.00
LINK-USD:
2.29
AVAX-USD:
-0.86
LINK-USD:
30.73%
AVAX-USD:
29.27%
LINK-USD:
75.88%
AVAX-USD:
77.50%
LINK-USD:
-90.17%
AVAX-USD:
-93.48%
LINK-USD:
-54.66%
AVAX-USD:
-75.68%
Returns By Period
In the year-to-date period, LINK-USD achieves a 18.10% return, which is significantly higher than AVAX-USD's -8.17% return.
LINK-USD
18.10%
14.76%
84.13%
52.72%
52.99%
N/A
AVAX-USD
-8.17%
-8.72%
27.44%
-6.74%
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.
Drawdowns
LINK-USD vs. AVAX-USD - Drawdown Comparison
The maximum LINK-USD drawdown since its inception was -90.17%, roughly equal to the maximum AVAX-USD drawdown of -93.48%. Use the drawdown chart below to compare losses from any high point for LINK-USD and AVAX-USD. For additional features, visit the drawdowns tool.
Volatility
LINK-USD vs. AVAX-USD - Volatility Comparison
ChainLink (LINK-USD) and Avalanche (AVAX-USD) have volatilities of 25.55% and 25.10%, 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.