LINK-USD vs. BTC-USD
LINK-USD (ChainLink) is a cryptocurrency, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, LINK-USD returned -22.42%/yr vs 3.78%/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 -26.45% return, which is significantly lower than BTC-USD's -17.74% return.
LINK-USD
- 1D
- 1.15%
- 1M
- -0.30%
- YTD
- -26.45%
- 6M
- -59.29%
- 1Y
- -29.17%
- 3Y*
- 6.83%
- 5Y*
- -22.42%
- 10Y*
- —
BTC-USD
- 1D
- 1.25%
- 1M
- 2.88%
- YTD
- -17.74%
- 6M
- -40.87%
- 1Y
- -12.86%
- 3Y*
- 34.38%
- 5Y*
- 3.78%
- 10Y*
- 67.10%
LINK-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between LINK-USD and BTC-USD is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2017 | 0.60 |
Over the past year, LINK-USD and BTC-USD have become more correlated (0.83) 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.
| LINK-USD | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.36 | -0.30 | -0.06 |
Sortino ratioReturn per unit of downside risk | -0.02 | -0.15 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.00 | 0.98 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.85 | -1.00 | +0.15 |
Martin ratioReturn relative to average drawdown | -1.26 | -1.73 | +0.47 |
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 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | -0.30 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.07 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.98 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.20 | -0.73 |
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 | -70.48% | -49.65% | -20.83% |
Max Drawdown (5Y)Largest decline over 5 years | -90.19% | -76.67% | -13.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -82.88% | -42.29% | -40.59% |
Average DrawdownAverage peak-to-trough decline | -59.98% | -42.05% | -17.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.67% | 28.70% | +18.97% |
Volatility
LINK-USD vs. BTC-USD - Volatility Comparison
ChainLink (LINK-USD) has a higher volatility of 15.68% compared to Bitcoin (BTC-USD) at 11.37%. 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 | 15.68% | 11.37% | +4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 57.68% | 36.19% | +21.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.82% | 36.37% | +32.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.41% | 46.88% | +34.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.62% | 56.72% | +44.90% |