CoinMarketCap 20 Index DTF vs Chainlink

Chainlink (LINK) is 1984.2× the size of CoinMarketCap 20 Index DTF (CMC20) by market capitalisation. Over the past 1 year, CMC20 is ahead by 9.8 percentage points (CMC20 -17.9% against LINK -27.7%). Their daily returns move closely together (correlation 0.79 across 324 shared trading days). LINK has been the more volatile of the two, at 71% annualised against CMC20's 48%.

Correlation: 0.79
Size ratio: 1 : 1984.2
Ahead over 1 year: CMC20

CoinMarketCap 20 Index DTFCMC20

$156.1000

24h: +0.11%
Market cap: $4.44M
Volume 24h: $1.84M
Volatility (ann.): 48%

ChainlinkLINK

$11.5700

24h: +3.53%
Market cap: $8.81B
Volume 24h: $390.53M
Volatility (ann.): 71%

CMC20 0.1%Share of the two combined market caps99.9% LINK

Performance

CMC20LINK

7 days-3.13%-4.79%CMC20
30 days-2.35%-22.76%CMC20
90 days+22.59%+35.11%LINK
1 year-17.85%-27.69%CMC20

Correlation

0.79over 324 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5890d: 0.631y: 0.79

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	CMC20	LINK
Max drawdown (400d)	-42.1%	-69.2%
Risk-adjusted return (90d)	0.50	0.47
Best 30 days (past year)	—	+61.6%
Worst 30 days (past year)	—	-43.6%

Relative strength over 90 days: LINK outperformed CMC20 by 11.4% — measured on the CMC20/LINK ratio, so it holds regardless of market direction.

CoinMarketCap 20 Index DTF →Chainlink →