LINK-USD vs. DOT-USD
LINK-USD (ChainLink) and DOT-USD (Polkadot) are both cryptocurrencies. Over the past 3 years, LINK-USD returned 5.89%/yr vs -42.43%/yr for DOT-USD. At a 0.24 correlation, their price movements are largely independent.
Performance
LINK-USD vs. DOT-USD - Performance Comparison
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Returns By Period
In the year-to-date period, LINK-USD achieves a -39.00% return, which is significantly higher than DOT-USD's -46.41% return.
LINK-USD
- 1D
- -7.19%
- 1M
- -25.67%
- YTD
- -39.00%
- 6M
- -45.32%
- 1Y
- -42.35%
- 3Y*
- 5.89%
- 5Y*
- -23.04%
- 10Y*
- —
DOT-USD
- 1D
- -7.65%
- 1M
- -27.34%
- YTD
- -46.41%
- 6M
- -54.95%
- 1Y
- -74.90%
- 3Y*
- -42.43%
- 5Y*
- —
- 10Y*
- —
LINK-USD vs. DOT-USD - Yearly Performance Comparison
Correlation
The correlation between LINK-USD and DOT-USD is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2021 | 0.24 |
Over the past year, LINK-USD and DOT-USD have become more correlated (0.87) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
LINK-USD vs. DOT-USD — Risk / Return Rank
LINK-USD
DOT-USD
LINK-USD vs. DOT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ChainLink (LINK-USD) and Polkadot (DOT-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 | DOT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.83 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.95 | +0.36 |
| Martin ratioReturn relative to average drawdown | -0.89 | -1.49 | +0.59 |
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 | DOT-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | -0.87 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | -0.54 | +0.97 |
Drawdowns
LINK-USD vs. DOT-USD - Drawdown Comparison
The maximum LINK-USD drawdown since its inception was -90.19%, smaller than the maximum DOT-USD drawdown of -98.22%. Use the drawdown chart below to compare losses from any high point for LINK-USD and DOT-USD.
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Drawdown Indicators
| LINK-USD | DOT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -98.22% | +8.03% |
Max Drawdown (1Y)Largest decline over 1 year | -72.24% | -78.97% | +6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -74.59% | -91.72% | +17.13% |
Max Drawdown (5Y)Largest decline over 5 years | -85.26% | — | — |
Current DrawdownCurrent decline from peak | -85.80% | -98.22% | +12.42% |
Average DrawdownAverage peak-to-trough decline | -60.38% | -80.94% | +20.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.80% | 58.60% | -7.80% |
Volatility
LINK-USD vs. DOT-USD - Volatility Comparison
The current volatility for ChainLink (LINK-USD) is 15.45%, while Polkadot (DOT-USD) has a volatility of 16.71%. This indicates that LINK-USD experiences smaller price fluctuations and is considered to be less risky than DOT-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 | DOT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.45% | 16.71% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 44.81% | 58.60% | -13.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.50% | 71.61% | -6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.62% | 72.88% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.88% | 72.88% | +28.00% |
Frequently Asked Questions
LINK-USD and DOT-USD have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOT-USD has higher volatility (16.71%) compared to LINK-USD (15.45%). In terms of maximum drawdown, LINK-USD dropped -90.19% vs DOT-USD's -98.22%.
LINK-USD currently has the higher Sharpe Ratio (-0.54 vs -0.87), 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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