LINK-USD vs. BTC-USD
LINK-USD (Chainlink) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, LINK-USD returned -12.77%/yr vs 13.62%/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 -30.76% return, which is significantly lower than BTC-USD's -25.79% return.
LINK-USD
- 1D
- -2.25%
- 1M
- 10.64%
- 6M
- -31.13%
- YTD
- -30.76%
- 1Y
- -53.62%
- 3Y*
- 3.59%
- 5Y*
- -12.77%
- 10Y*
- —
- ALL TIME*
- 56.99%
BTC-USD
- 1D
- -1.75%
- 1M
- 3.65%
- 6M
- -27.42%
- YTD
- -25.79%
- 1Y
- -45.35%
- 3Y*
- 30.56%
- 5Y*
- 13.62%
- 10Y*
- 58.28%
- ALL TIME*
- 88.55%
Liquidity Comparison
LINK-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between LINK-USD and BTC-USD is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
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 (0.84) 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 | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.84 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.85 | +0.12 |
| Martin ratioReturn relative to average drawdown | -1.00 | -1.35 | +0.35 |
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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 | -83.88% | -47.94% | -35.94% |
Average DrawdownAverage peak-to-trough decline | -60.72% | -42.63% | -18.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.08% | 24.13% | +9.95% |
Volatility
LINK-USD vs. BTC-USD - Volatility Comparison
Chainlink (LINK-USD) has a higher volatility of 12.29% compared to Bitcoin (BTC-USD) at 9.28%. 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 | 12.29% | 9.28% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 44.14% | 34.70% | +9.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.26% | 35.77% | +27.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.15% | 43.82% | +30.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.36% | 56.34% | +44.02% |
Frequently Asked Questions
LINK-USD and BTC-USD have a correlation of 0.84, 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 (12.29%) compared to BTC-USD (9.28%). In terms of maximum drawdown, LINK-USD dropped -90.19% vs BTC-USD's -85.30%.
LINK-USD currently has the higher Sharpe Ratio (-0.71 vs -1.05), 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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