LINK-USD vs. BTC-USD
LINK-USD (Chainlink) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, LINK-USD returned -19.50%/yr vs 10.27%/yr for BTC-USD. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
LINK-USD vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, LINK-USD achieves a -35.24% return, which is significantly lower than BTC-USD's -27.32% return.
LINK-USD
- 1D
- 0.14%
- 1M
- -22.72%
- YTD
- -35.24%
- 6M
- -42.15%
- 1Y
- -43.55%
- 3Y*
- 14.18%
- 5Y*
- -19.50%
- 10Y*
- —
BTC-USD
- 1D
- 0.05%
- 1M
- -19.79%
- YTD
- -27.32%
- 6M
- -29.56%
- 1Y
- -39.85%
- 3Y*
- 34.86%
- 5Y*
- 10.27%
- 10Y*
- 57.32%
LINK-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between LINK-USD and BTC-USD is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2017 | 0.60 |
Over the past year, LINK-USD and BTC-USD have become more correlated (0.82) than their long-term average of 0.60, meaning their price movements have been converging.
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Return for Risk
LINK-USD vs. BTC-USD — Risk / Return Rank
LINK-USD
BTC-USD
LINK-USD vs. BTC-USD - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LINK-USD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.87 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.78 | +0.18 |
| Martin ratioReturn relative to average drawdown | -0.90 | -1.36 | +0.46 |
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Drawdowns
LINK-USD vs. BTC-USD - Drawdown Comparison
The maximum LINK-USD drawdown since its inception was -90.19%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for LINK-USD and BTC-USD.
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Drawdown Indicators
| LINK-USD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -85.30% | -4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -72.50% | -51.21% | -21.29% |
Max Drawdown (3Y)Largest decline over 3 years | -74.83% | -51.21% | -23.62% |
Max Drawdown (5Y)Largest decline over 5 years | -85.26% | -76.67% | -8.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -84.93% | -49.01% | -35.92% |
Average DrawdownAverage peak-to-trough decline | -60.41% | -42.35% | -18.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.01% | 35.02% | +16.99% |
Volatility
LINK-USD vs. BTC-USD - Volatility Comparison
Chainlink (LINK-USD) has a higher volatility of 17.27% compared to Bitcoin (BTC-USD) at 12.11%. 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.
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Volatility by Period
| LINK-USD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.27% | 12.11% | +5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 45.42% | 34.59% | +10.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.12% | 35.62% | +29.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.43% | 44.71% | +30.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.93% | 56.62% | +44.31% |
Frequently Asked Questions
LINK-USD and BTC-USD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LINK-USD has higher volatility (17.27%) compared to BTC-USD (12.11%). In terms of maximum drawdown, LINK-USD dropped -90.19% vs BTC-USD's -85.30%.
LINK-USD currently has the higher Sharpe Ratio (-0.56 vs -0.93), 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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