LINK-USD vs. ETH-USD
LINK-USD (Chainlink) and ETH-USD (Ethereum) are both cryptocurrencies. Over the past 5 years, LINK-USD returned -15.70%/yr vs -3.10%/yr for ETH-USD. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
LINK-USD vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, LINK-USD achieves a -40.74% return, which is significantly higher than ETH-USD's -47.34% return.
LINK-USD
- 1D
- -2.64%
- 1M
- -22.95%
- YTD
- -40.74%
- 6M
- -40.13%
- 1Y
- -45.07%
- 3Y*
- 6.01%
- 5Y*
- -15.70%
- 10Y*
- —
ETH-USD
- 1D
- -3.54%
- 1M
- -24.55%
- YTD
- -47.34%
- 6M
- -46.17%
- 1Y
- -35.44%
- 3Y*
- -5.63%
- 5Y*
- -3.10%
- 10Y*
- 60.12%
LINK-USD vs. ETH-USD - Yearly Performance Comparison
Correlation
The correlation between LINK-USD and ETH-USD is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2017 | 0.68 |
Over the past year, LINK-USD and ETH-USD have become more correlated (0.89) than their long-term average of 0.68, meaning their price movements have been converging.
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Return for Risk
LINK-USD vs. ETH-USD — Risk / Return Rank
LINK-USD
ETH-USD
LINK-USD vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chainlink (LINK-USD) and Ethereum (ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.95 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | -0.52 | -0.09 |
| Martin ratioReturn relative to average drawdown | -0.90 | -0.87 | -0.03 |
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Drawdowns
LINK-USD vs. ETH-USD - Drawdown Comparison
The maximum LINK-USD drawdown since its inception was -90.19%, roughly equal to the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for LINK-USD and ETH-USD.
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Drawdown Indicators
| LINK-USD | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -94.01% | +3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -73.03% | -67.66% | -5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -75.31% | -67.66% | -7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -85.26% | -79.35% | -5.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -86.21% | -67.66% | -18.55% |
Average DrawdownAverage peak-to-trough decline | -60.51% | -50.93% | -9.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.39% | 41.50% | +1.89% |
Volatility
LINK-USD vs. ETH-USD - Volatility Comparison
The current volatility for Chainlink (LINK-USD) is 16.79%, while Ethereum (ETH-USD) has a volatility of 18.39%. This indicates that LINK-USD experiences smaller price fluctuations and is considered to be less risky than ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.79% | 18.39% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 45.00% | 46.39% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.07% | 55.72% | +8.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.63% | 59.09% | +15.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.75% | 77.04% | +23.71% |
Frequently Asked Questions
LINK-USD and ETH-USD have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (18.39%) compared to LINK-USD (16.79%). In terms of maximum drawdown, LINK-USD dropped -90.19% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.53 vs -0.58), 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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