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LINK-USD vs. AVAX-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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.


Performance

LINK-USD vs. AVAX-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ChainLink (LINK-USD) and Avalanche (AVAX-USD). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

LINK-USD:

-0.19

AVAX-USD:

-0.40

Sortino Ratio

LINK-USD:

1.48

AVAX-USD:

0.35

Omega Ratio

LINK-USD:

1.14

AVAX-USD:

1.03

Calmar Ratio

LINK-USD:

0.26

AVAX-USD:

0.02

Martin Ratio

LINK-USD:

1.53

AVAX-USD:

-0.53

Ulcer Index

LINK-USD:

34.85%

AVAX-USD:

43.37%

Daily Std Dev

LINK-USD:

81.27%

AVAX-USD:

79.17%

Max Drawdown

LINK-USD:

-90.19%

AVAX-USD:

-93.47%

Current Drawdown

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

YTD

-24.80%

1M

5.23%

6M

-17.77%

1Y

-16.19%

3Y*

26.34%

5Y*

29.26%

10Y*

N/A

AVAX-USD

YTD

-37.67%

1M

6.40%

6M

-50.48%

1Y

-38.18%

3Y*

-6.97%

5Y*

N/A

10Y*

N/A

*Annualized

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ChainLink

Avalanche

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

LINK-USD vs. AVAX-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LINK-USD
The Risk-Adjusted Performance Rank of LINK-USD is 6868
Overall Rank
The Sharpe Ratio Rank of LINK-USD is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of LINK-USD is 6969
Sortino Ratio Rank
The Omega Ratio Rank of LINK-USD is 6868
Omega Ratio Rank
The Calmar Ratio Rank of LINK-USD is 7272
Calmar Ratio Rank
The Martin Ratio Rank of LINK-USD is 7171
Martin Ratio Rank

AVAX-USD
The Risk-Adjusted Performance Rank of AVAX-USD is 3737
Overall Rank
The Sharpe Ratio Rank of AVAX-USD is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of AVAX-USD is 3535
Sortino Ratio Rank
The Omega Ratio Rank of AVAX-USD is 3535
Omega Ratio Rank
The Calmar Ratio Rank of AVAX-USD is 4343
Calmar Ratio Rank
The Martin Ratio Rank of AVAX-USD is 3030
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current LINK-USD Sharpe Ratio is -0.19, which is higher than the AVAX-USD Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of LINK-USD and AVAX-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

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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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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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