LINK-USD vs. SHIB-USD
LINK-USD (Chainlink) and SHIB-USD (Shiba Inu) are both cryptocurrencies. Over the past 5 years, LINK-USD returned -19.50%/yr vs -7.04%/yr for SHIB-USD. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
LINK-USD vs. SHIB-USD - Performance Comparison
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Returns By Period
In the year-to-date period, LINK-USD achieves a -35.24% return, which is significantly lower than SHIB-USD's -29.46% return.
LINK-USD
- 1D
- 0.14%
- 1M
- -22.72%
- YTD
- -35.24%
- 6M
- -42.15%
- 1Y
- -43.55%
- 3Y*
- 14.18%
- 5Y*
- -19.50%
- 10Y*
- —
SHIB-USD
- 1D
- 1.04%
- 1M
- -22.61%
- YTD
- -29.46%
- 6M
- -41.23%
- 1Y
- -60.23%
- 3Y*
- -10.59%
- 5Y*
- -7.04%
- 10Y*
- —
LINK-USD vs. SHIB-USD - Yearly Performance Comparison
Correlation
The correlation between LINK-USD and SHIB-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 | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.67 |
Over the past year, LINK-USD and SHIB-USD have become more correlated (0.88) than their long-term average of 0.67, meaning their price movements have been converging.
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Return for Risk
LINK-USD vs. SHIB-USD — Risk / Return Rank
LINK-USD
SHIB-USD
LINK-USD vs. SHIB-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chainlink (LINK-USD) and Shiba Inu (SHIB-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 | SHIB-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.86 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.85 | +0.25 |
| Martin ratioReturn relative to average drawdown | -0.90 | -1.32 | +0.42 |
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Drawdowns
LINK-USD vs. SHIB-USD - Drawdown Comparison
The maximum LINK-USD drawdown since its inception was -90.19%, roughly equal to the maximum SHIB-USD drawdown of -94.38%. Use the drawdown chart below to compare losses from any high point for LINK-USD and SHIB-USD.
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Drawdown Indicators
| LINK-USD | SHIB-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -94.38% | +4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -72.50% | -70.62% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -74.83% | -87.33% | +12.50% |
Max Drawdown (5Y)Largest decline over 5 years | -85.26% | -94.38% | +9.12% |
Current DrawdownCurrent decline from peak | -84.93% | -94.01% | +9.08% |
Average DrawdownAverage peak-to-trough decline | -60.41% | -80.13% | +19.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.01% | 45.21% | +6.80% |
Volatility
LINK-USD vs. SHIB-USD - Volatility Comparison
Chainlink (LINK-USD) has a higher volatility of 17.27% compared to Shiba Inu (SHIB-USD) at 14.76%. This indicates that LINK-USD's price experiences larger fluctuations and is considered to be riskier than SHIB-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 | SHIB-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.27% | 14.76% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 45.42% | 45.97% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.12% | 55.77% | +9.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.43% | 95.44% | -20.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.93% | 208.85% | -107.92% |
Frequently Asked Questions
LINK-USD and SHIB-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 (17.27%) compared to SHIB-USD (14.76%). In terms of maximum drawdown, LINK-USD dropped -90.19% vs SHIB-USD's -94.38%.
LINK-USD currently has the higher Sharpe Ratio (-0.56 vs -0.90), 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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