Across Protocol (ACX) is 57.2× the size of Allbridge Zero (ABR0) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 20 shared trading days). ABR0 has been the more volatile of the two, at 928% annualised against ACX's 106%.
ABR0ACX
0.20over 20 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 | ABR0 | ACX |
|---|---|---|
| Max drawdown (400d) | -53.8% | -73.4% |
| Risk-adjusted return (90d) | — | 0.12 |
Relative strength over 90 days: ABR0 outperformed ACX by 35.1% — measured on the ABR0/ACX ratio, so it holds regardless of market direction.