AltLayer (ALT) is 1.1× the size of Ankr Network (ANKR) by market capitalisation. Over the past 1 year, ANKR is ahead by 10.0 percentage points (ANKR -56.4% against ALT -66.5%). Their daily returns move loosely together (correlation 0.55 across 399 shared trading days). ALT has been the more volatile of the two, at 99% annualised against ANKR's 73%.
ANKRALT
0.55over 399 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 | ANKR | ALT |
|---|---|---|
| Max drawdown (400d) | -77.0% | -81.5% |
| Risk-adjusted return (90d) | 0.18 | -0.02 |
| Best 30 days (past year) | +42.1% | +71.8% |
| Worst 30 days (past year) | -41.8% | -43.9% |
Relative strength over 90 days: ANKR outperformed ALT by 14.2% — measured on the ANKR/ALT ratio, so it holds regardless of market direction.