Litecoin (LTC) is 191.2× the size of Ardor (ARDR) by market capitalisation. Over the past 1 year, LTC is ahead by 31.3 percentage points (ARDR -69.2% against LTC -37.9%). Their daily returns move closely together (correlation 0.73 across 315 shared trading days). ARDR has been the more volatile of the two, at 91% annualised against LTC's 62%.
ARDRLTC
0.73over 315 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 | ARDR | LTC |
|---|---|---|
| Max drawdown (400d) | -75.4% | -67.5% |
| Risk-adjusted return (90d) | -0.29 | 0.32 |
| Best 30 days (past year) | — | +45.4% |
| Worst 30 days (past year) | — | -39.5% |
Relative strength over 90 days: LTC outperformed ARDR by 41.6% — measured on the ARDR/LTC ratio, so it holds regardless of market direction.