LINK-USD vs. DOGE-USD
LINK-USD (Chainlink) and DOGE-USD (Dogecoin) are both cryptocurrencies. Over the past 5 years, LINK-USD returned -10.87%/yr vs -17.63%/yr for DOGE-USD. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
LINK-USD vs. DOGE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, LINK-USD achieves a -29.37% return, which is significantly higher than DOGE-USD's -38.39% return.
LINK-USD
- 1D
- 2.70%
- 1M
- 7.83%
- 6M
- -33.17%
- YTD
- -29.37%
- 1Y
- -55.39%
- 3Y*
- 1.92%
- 5Y*
- -10.87%
- 10Y*
- —
- ALL TIME*
- 57.41%
DOGE-USD
- 1D
- -0.23%
- 1M
- -13.60%
- 6M
- -44.04%
- YTD
- -38.39%
- 1Y
- -73.62%
- 3Y*
- -0.46%
- 5Y*
- -17.63%
- 10Y*
- —
- ALL TIME*
- 105.54%
LINK-USD vs. DOGE-USD - Yearly Performance Comparison
Correlation
The correlation between LINK-USD and DOGE-USD is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2017 | 0.56 |
Over the past year, LINK-USD and DOGE-USD have become more correlated (0.88) than their long-term average of 0.56, meaning their price movements have been converging.
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Return for Risk
LINK-USD vs. DOGE-USD — Risk / Return Rank
LINK-USD
DOGE-USD
LINK-USD vs. DOGE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chainlink (LINK-USD) and Dogecoin (DOGE-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 | DOGE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.82 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.98 | +0.22 |
| Martin ratioReturn relative to average drawdown | -1.04 | -1.36 | +0.32 |
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Drawdowns
LINK-USD vs. DOGE-USD - Drawdown Comparison
The maximum LINK-USD drawdown since its inception was -90.19%, roughly equal to the maximum DOGE-USD drawdown of -92.29%. Use the drawdown chart below to compare losses from any high point for LINK-USD and DOGE-USD.
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Drawdown Indicators
| LINK-USD | DOGE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -92.29% | +2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -73.15% | -75.16% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -75.42% | -84.60% | +9.18% |
Max Drawdown (5Y)Largest decline over 5 years | -85.26% | -84.60% | -0.66% |
Current DrawdownCurrent decline from peak | -83.56% | -89.45% | +5.89% |
Average DrawdownAverage peak-to-trough decline | -60.70% | -75.28% | +14.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.24% | 39.95% | -3.71% |
Volatility
LINK-USD vs. DOGE-USD - Volatility Comparison
Chainlink (LINK-USD) has a higher volatility of 12.90% compared to Dogecoin (DOGE-USD) at 10.75%. This indicates that LINK-USD's price experiences larger fluctuations and is considered to be riskier than DOGE-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 | DOGE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.90% | 10.75% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 44.57% | 44.61% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.39% | 63.38% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.29% | 76.65% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.40% | 756.12% | -655.72% |
Frequently Asked Questions
LINK-USD and DOGE-USD have a correlation of 0.88, 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 (12.90%) compared to DOGE-USD (10.75%). In terms of maximum drawdown, LINK-USD dropped -90.19% vs DOGE-USD's -92.29%.
LINK-USD currently has the higher Sharpe Ratio (-0.73 vs -0.98), 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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