LINK-USD vs. BTC-USD
LINK-USD (Chainlink) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, LINK-USD returned -16.09%/yr vs 12.04%/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 -36.65% return, which is significantly lower than BTC-USD's -30.02% return.
LINK-USD
- 1D
- 4.98%
- 1M
- -7.70%
- 6M
- -38.78%
- YTD
- -36.65%
- 1Y
- -43.08%
- 3Y*
- 5.21%
- 5Y*
- -16.09%
- 10Y*
- —
BTC-USD
- 1D
- 2.12%
- 1M
- -8.14%
- 6M
- -31.00%
- YTD
- -30.02%
- 1Y
- -43.77%
- 3Y*
- 25.25%
- 5Y*
- 12.04%
- 10Y*
- 56.79%
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 | 0.73 |
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 (0.83) 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.
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 | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.85 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.82 | +0.24 |
| Martin ratioReturn relative to average drawdown | -0.84 | -1.39 | +0.54 |
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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 | -73.15% | -53.08% | -20.07% |
Max Drawdown (3Y)Largest decline over 3 years | -75.42% | -53.08% | -22.34% |
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 | -85.25% | -50.91% | -34.34% |
Average DrawdownAverage peak-to-trough decline | -60.57% | -42.48% | -18.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.25% | 32.56% | +11.69% |
Volatility
LINK-USD vs. BTC-USD - Volatility Comparison
Chainlink (LINK-USD) has a higher volatility of 16.28% compared to Bitcoin (BTC-USD) at 11.36%. 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 | 16.28% | 11.36% | +4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 45.15% | 34.94% | +10.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.09% | 35.76% | +28.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.54% | 44.02% | +30.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.65% | 56.35% | +44.30% |
Frequently Asked Questions
LINK-USD and BTC-USD have a correlation of 0.83, 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 (16.28%) compared to BTC-USD (11.36%). 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 -1.02), 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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