LINK-USD vs. SNX-USD
LINK-USD (Chainlink) and SNX-USD (SynthetixNetworkToken) are both cryptocurrencies. Over the past 5 years, LINK-USD returned -10.87%/yr vs -50.94%/yr for SNX-USD. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
LINK-USD vs. SNX-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 SNX-USD's -41.22% 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%
SNX-USD
- 1D
- 3.88%
- 1M
- -0.82%
- 6M
- -44.98%
- YTD
- -41.22%
- 1Y
- -67.56%
- 3Y*
- -56.81%
- 5Y*
- -50.94%
- 10Y*
- —
- ALL TIME*
- -7.30%
LINK-USD vs. SNX-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LINK-USD Chainlink | -29.37% | -39.00% | 33.73% | 168.18% | -71.46% | 73.35% | 539.54% | 506.40% | -43.03% |
SNX-USD SynthetixNetworkToken | -41.22% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 493.90% | 3,090.51% | -91.57% |
Correlation
The correlation between LINK-USD and SNX-USD is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2018 | 0.57 |
Over the past year, LINK-USD and SNX-USD have become more correlated (0.77) than their long-term average of 0.57, meaning their price movements have been converging.
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Return for Risk
LINK-USD vs. SNX-USD — Risk / Return Rank
LINK-USD
SNX-USD
LINK-USD vs. SNX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chainlink (LINK-USD) and SynthetixNetworkToken (SNX-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 | SNX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.97 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.74 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.04 | -0.94 | -0.10 |
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Drawdowns
LINK-USD vs. SNX-USD - Drawdown Comparison
The maximum LINK-USD drawdown since its inception was -90.19%, smaller than the maximum SNX-USD drawdown of -99.26%. Use the drawdown chart below to compare losses from any high point for LINK-USD and SNX-USD.
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Drawdown Indicators
| LINK-USD | SNX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -99.26% | +9.07% |
Max Drawdown (1Y)Largest decline over 1 year | -73.15% | -91.23% | +18.08% |
Max Drawdown (3Y)Largest decline over 3 years | -75.42% | -96.06% | +20.64% |
Max Drawdown (5Y)Largest decline over 5 years | -85.26% | -98.66% | +13.40% |
Current DrawdownCurrent decline from peak | -83.56% | -99.11% | +15.55% |
Average DrawdownAverage peak-to-trough decline | -60.70% | -73.29% | +12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.24% | 56.05% | -19.81% |
Volatility
LINK-USD vs. SNX-USD - Volatility Comparison
The current volatility for Chainlink (LINK-USD) is 12.90%, while SynthetixNetworkToken (SNX-USD) has a volatility of 33.75%. This indicates that LINK-USD experiences smaller price fluctuations and is considered to be less risky than SNX-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 | SNX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.90% | 33.75% | -20.85% |
Volatility (6M)Calculated over the trailing 6-month period | 44.57% | 61.68% | -17.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.39% | 117.73% | -54.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.29% | 99.60% | -25.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.40% | 117.14% | -16.74% |
Frequently Asked Questions
LINK-USD and SNX-USD have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNX-USD has higher volatility (33.75%) compared to LINK-USD (12.90%). In terms of maximum drawdown, LINK-USD dropped -90.19% vs SNX-USD's -99.26%.
SNX-USD currently has the higher Sharpe Ratio (-0.48 vs -0.73), 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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