SNX-USD vs. LINK-USD
SNX-USD (SynthetixNetworkToken) and LINK-USD (ChainLink) are both cryptocurrencies. Over the past 5 years, SNX-USD returned -54.34%/yr vs -23.61%/yr for LINK-USD. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
SNX-USD vs. LINK-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SNX-USD achieves a -34.41% return, which is significantly lower than LINK-USD's -31.25% return.
SNX-USD
- 1D
- -6.62%
- 1M
- -15.16%
- YTD
- -34.41%
- 6M
- -51.19%
- 1Y
- -62.02%
- 3Y*
- -51.50%
- 5Y*
- -54.34%
- 10Y*
- —
LINK-USD
- 1D
- -7.42%
- 1M
- -8.27%
- YTD
- -31.25%
- 6M
- -37.85%
- 1Y
- -40.55%
- 3Y*
- 9.25%
- 5Y*
- -23.61%
- 10Y*
- —
SNX-USD vs. LINK-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SNX-USD SynthetixNetworkToken | -34.41% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 493.90% | 3,090.51% | -91.94% |
LINK-USD ChainLink | -31.25% | -39.00% | 33.73% | 168.18% | -71.46% | 73.35% | 539.54% | 506.40% | -48.53% |
Correlation
The correlation between SNX-USD and LINK-USD is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2018 | 0.57 |
Over the past year, SNX-USD and LINK-USD have become more correlated (0.80) than their long-term average of 0.57, meaning their price movements have been converging.
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Return for Risk
SNX-USD vs. LINK-USD — Risk / Return Rank
SNX-USD
LINK-USD
SNX-USD vs. LINK-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SynthetixNetworkToken (SNX-USD) and ChainLink (LINK-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.
| SNX-USD | LINK-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.44 | -0.52 | +0.07 |
Sortino ratioReturn per unit of downside risk | -0.18 | -0.38 | +0.21 |
Omega ratioGain probability vs. loss probability | 0.98 | 0.96 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.82 | -1.13 | +0.30 |
Martin ratioReturn relative to average drawdown | -0.95 | -1.48 | +0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SNX-USD | LINK-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.44 | -0.52 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | -0.26 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.45 | -0.50 |
Drawdowns
SNX-USD vs. LINK-USD - Drawdown Comparison
The maximum SNX-USD drawdown since its inception was -99.01%, which is greater than LINK-USD's maximum drawdown of -90.19%. Use the drawdown chart below to compare losses from any high point for SNX-USD and LINK-USD.
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Drawdown Indicators
| SNX-USD | LINK-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.01% | -90.19% | -8.82% |
Max Drawdown (1Y)Largest decline over 1 year | -88.27% | -70.48% | -17.79% |
Max Drawdown (3Y)Largest decline over 3 years | -94.73% | -72.98% | -21.75% |
Max Drawdown (5Y)Largest decline over 5 years | -98.21% | -85.26% | -12.95% |
Current DrawdownCurrent decline from peak | -99.01% | -84.00% | -15.01% |
Average DrawdownAverage peak-to-trough decline | -72.90% | -60.35% | -12.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 76.81% | 50.29% | +26.52% |
Volatility
SNX-USD vs. LINK-USD - Volatility Comparison
SynthetixNetworkToken (SNX-USD) has a higher volatility of 17.15% compared to ChainLink (LINK-USD) at 14.87%. This indicates that SNX-USD's price experiences larger fluctuations and is considered to be riskier than LINK-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNX-USD | LINK-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.15% | 14.87% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 58.72% | 45.17% | +13.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 116.18% | 65.17% | +51.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.21% | 75.71% | +25.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.60% | 100.89% | +16.71% |
Frequently Asked Questions
SNX-USD and LINK-USD have a correlation of 0.80, 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 (17.15%) compared to LINK-USD (14.87%). In terms of maximum drawdown, SNX-USD dropped -99.01% vs LINK-USD's -90.19%.
SNX-USD currently has the higher Sharpe Ratio (-0.44 vs -0.52), 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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