Alchemy Pay (ACH) and Dash (DASH) compared side by side. Over the past 1 year, DASH is ahead by 15.0 percentage points (ACH -76.2% against DASH -61.2%). Their daily returns move barely together (correlation 0.24 across 373 shared trading days). DASH has been the more volatile of the two, at 148% annualised against ACH's 83%.
ACHDASH
0.24over 373 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 | ACH | DASH |
|---|---|---|
| Max drawdown (400d) | -78.8% | -75.5% |
| Risk-adjusted return (90d) | 0.05 | 0.42 |
| Best 30 days (past year) | +62.8% | +131.4% |
| Worst 30 days (past year) | -41.8% | -59.2% |
Relative strength over 90 days: DASH outperformed ACH by 21.5% — measured on the ACH/DASH ratio, so it holds regardless of market direction.