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

Correlation

The correlation between LINK-USD and BTC-USD is 0.56, 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.


-0.50.00.51.00.6

Performance

LINK-USD vs. BTC-USD - Performance Comparison

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

0.00%50.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
72.44%
53.20%
LINK-USD
BTC-USD

Key characteristics

Sharpe Ratio

LINK-USD:

1.42

BTC-USD:

1.56

Sortino Ratio

LINK-USD:

2.37

BTC-USD:

2.30

Omega Ratio

LINK-USD:

1.22

BTC-USD:

1.23

Calmar Ratio

LINK-USD:

0.89

BTC-USD:

1.37

Martin Ratio

LINK-USD:

4.55

BTC-USD:

7.28

Ulcer Index

LINK-USD:

29.59%

BTC-USD:

10.81%

Daily Std Dev

LINK-USD:

75.57%

BTC-USD:

44.36%

Max Drawdown

LINK-USD:

-90.17%

BTC-USD:

-93.07%

Current Drawdown

LINK-USD:

-53.02%

BTC-USD:

-10.79%

Returns By Period

In the year-to-date period, LINK-USD achieves a 63.78% return, which is significantly lower than BTC-USD's 124.03% return.


LINK-USD

YTD

63.78%

1M

40.80%

6M

79.80%

1Y

59.89%

5Y*

68.59%

10Y*

N/A

BTC-USD

YTD

124.03%

1M

-3.16%

6M

57.08%

1Y

120.12%

5Y*

67.07%

10Y*

76.22%

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Risk-Adjusted Performance

LINK-USD vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ChainLink (LINK-USD) and Bitcoin (BTC-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.


Sharpe ratio
The chart of Sharpe ratio for LINK-USD, currently valued at 1.42, compared to the broader market0.002.004.006.008.001.421.56
The chart of Sortino ratio for LINK-USD, currently valued at 2.37, compared to the broader market-1.000.001.002.003.004.005.002.372.30
The chart of Omega ratio for LINK-USD, currently valued at 1.22, compared to the broader market1.001.201.401.601.221.23
The chart of Calmar ratio for LINK-USD, currently valued at 0.89, compared to the broader market2.004.006.000.891.37
The chart of Martin ratio for LINK-USD, currently valued at 4.55, compared to the broader market0.0010.0020.0030.0040.0050.0060.004.557.28
LINK-USD
BTC-USD

The current LINK-USD Sharpe Ratio is 1.42, which is comparable to the BTC-USD Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of LINK-USD and BTC-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.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
1.42
1.56
LINK-USD
BTC-USD

Drawdowns

LINK-USD vs. BTC-USD - Drawdown Comparison

The maximum LINK-USD drawdown since its inception was -90.17%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for LINK-USD and BTC-USD. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-53.02%
-10.79%
LINK-USD
BTC-USD

Volatility

LINK-USD vs. BTC-USD - Volatility Comparison

ChainLink (LINK-USD) has a higher volatility of 46.46% compared to Bitcoin (BTC-USD) at 13.51%. This indicates that LINK-USD's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
46.46%
13.51%
LINK-USD
BTC-USD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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