9inch vs Pendle

9inch (9INCH) and Pendle (PENDLE) compared side by side. Their daily returns move barely together (correlation 0.09 across 34 shared trading days). Both have run at a similar volatility, around 97% annualised.

Correlation: 0.09

9inch9INCH

$1.496e-7

24h: +3.28%
Market cap: —
Volume 24h: $632
Volatility (ann.): 100%

PendlePENDLE

$1.8230

24h: +3.06%
Market cap: $317.33M
Volume 24h: $61.34M
Volatility (ann.): 94%

9INCH 0.0%Share of the two combined market caps100.0% PENDLE

Performance

9INCHPENDLE

7 days-0.53%-12.46%9INCH
30 days-41.16%-28.48%PENDLE
90 days—+25.45%—
1 year—-35.66%—

Correlation

0.09over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: insufficient data1y: insufficient data

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	9INCH	PENDLE
Max drawdown (400d)	-43.6%	-79.8%
Risk-adjusted return (90d)	-0.43	0.30
Best 30 days (past year)	—	+103.0%
Worst 30 days (past year)	—	-51.2%

Relative strength over 90 days: PENDLE outperformed 9INCH by 23.0% — measured on the 9INCH/PENDLE ratio, so it holds regardless of market direction.

9inch →Pendle →