LINK-USD vs. ETH-USD
LINK-USD (Chainlink) and ETH-USD (Ethereum) are both cryptocurrencies. Over the past 5 years, LINK-USD returned -11.50%/yr vs -0.38%/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 -31.55% return, which is significantly higher than ETH-USD's -37.17% return.
LINK-USD
- 1D
- -2.28%
- 1M
- 0.74%
- 6M
- -39.53%
- YTD
- -31.55%
- 1Y
- -50.01%
- 3Y*
- 5.04%
- 5Y*
- -11.50%
- 10Y*
- —
ETH-USD
- 1D
- -2.76%
- 1M
- 4.06%
- 6M
- -43.82%
- YTD
- -37.17%
- 1Y
- -44.74%
- 3Y*
- -0.83%
- 5Y*
- -0.38%
- 10Y*
- 67.00%
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 | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.92 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.66 | -0.02 |
| Martin ratioReturn relative to average drawdown | -0.95 | -1.02 | +0.08 |
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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 | -73.15% | -67.60% | -5.55% |
Max Drawdown (3Y)Largest decline over 3 years | -75.42% | -67.60% | -7.82% |
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 | -84.07% | -61.42% | -22.65% |
Average DrawdownAverage peak-to-trough decline | -60.67% | -51.00% | -9.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.56% | 36.81% | +2.75% |
Volatility
LINK-USD vs. ETH-USD - Volatility Comparison
The current volatility for Chainlink (LINK-USD) is 12.90%, while Ethereum (ETH-USD) has a volatility of 13.74%. 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 | 12.90% | 13.74% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 44.65% | 46.65% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.82% | 55.38% | +8.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.35% | 58.72% | +15.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.46% | 76.80% | +23.66% |
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 (13.74%) compared to LINK-USD (12.90%). In terms of maximum drawdown, LINK-USD dropped -90.19% vs ETH-USD's -94.01%.
LINK-USD currently has the higher Sharpe Ratio (-0.65 vs -0.68), 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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