LINK-USD vs. XRP-USD
LINK-USD (Chainlink) and XRP-USD (XRP) are both cryptocurrencies. Over the past 5 years, LINK-USD returned -18.51%/yr vs 8.21%/yr for XRP-USD. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
LINK-USD vs. XRP-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with LINK-USD having a -32.04% return and XRP-USD slightly lower at -32.90%.
LINK-USD
- 1D
- 1.22%
- 1M
- -14.75%
- YTD
- -32.04%
- 6M
- -35.60%
- 1Y
- -37.73%
- 3Y*
- 15.87%
- 5Y*
- -18.51%
- 10Y*
- —
XRP-USD
- 1D
- 4.10%
- 1M
- -12.68%
- YTD
- -32.90%
- 6M
- -34.98%
- 1Y
- -43.02%
- 3Y*
- 37.40%
- 5Y*
- 8.21%
- 10Y*
- —
LINK-USD vs. XRP-USD - Yearly Performance Comparison
Correlation
The correlation between LINK-USD and XRP-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 | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2017 | 0.60 |
Over the past year, LINK-USD and XRP-USD have become more correlated (0.87) than their long-term average of 0.60, meaning their price movements have been converging.
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Return for Risk
LINK-USD vs. XRP-USD — Risk / Return Rank
LINK-USD
XRP-USD
LINK-USD vs. XRP-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chainlink (LINK-USD) and XRP (XRP-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 | XRP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.93 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.62 | +0.10 |
| Martin ratioReturn relative to average drawdown | -0.77 | -0.97 | +0.20 |
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Drawdowns
LINK-USD vs. XRP-USD - Drawdown Comparison
The maximum LINK-USD drawdown since its inception was -90.19%, smaller than the maximum XRP-USD drawdown of -95.87%. Use the drawdown chart below to compare losses from any high point for LINK-USD and XRP-USD.
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Drawdown Indicators
| LINK-USD | XRP-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -95.87% | +5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -72.50% | -69.23% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -74.83% | -69.23% | -5.60% |
Max Drawdown (5Y)Largest decline over 5 years | -85.26% | -77.83% | -7.43% |
Current DrawdownCurrent decline from peak | -84.18% | -65.26% | -18.92% |
Average DrawdownAverage peak-to-trough decline | -60.44% | -70.98% | +10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.07% | 42.43% | +8.64% |
Volatility
LINK-USD vs. XRP-USD - Volatility Comparison
Chainlink (LINK-USD) has a higher volatility of 16.89% compared to XRP (XRP-USD) at 15.01%. This indicates that LINK-USD's price experiences larger fluctuations and is considered to be riskier than XRP-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 | XRP-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.89% | 15.01% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 45.35% | 46.41% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.89% | 56.34% | +8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.34% | 72.36% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.88% | 111.74% | -10.86% |
Frequently Asked Questions
LINK-USD and XRP-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.
LINK-USD has higher volatility (16.89%) compared to XRP-USD (15.01%). In terms of maximum drawdown, LINK-USD dropped -90.19% vs XRP-USD's -95.87%.
LINK-USD currently has the higher Sharpe Ratio (-0.48 vs -0.63), 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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