EigenCloud (prev. EigenLayer) (EIGEN) is 783.8× the size of Ace Data Cloud (ACE) by market capitalisation. Their daily returns move closely together (correlation 0.61 across 39 shared trading days). ACE has been the more volatile of the two, at 176% annualised against EIGEN's 107%.
$0.170300
ACEEIGEN
0.61over 39 shared trading days
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.
| Metric | ACE | EIGEN |
|---|---|---|
| Max drawdown (400d) | -31.4% | -92.3% |
| Risk-adjusted return (90d) | -0.01 | 0.02 |
| Best 30 days (past year) | — | +46.0% |
| Worst 30 days (past year) | — | -55.2% |
Relative strength over 90 days: ACE outperformed EIGEN by 4.5% — measured on the ACE/EIGEN ratio, so it holds regardless of market direction.