Ethereum (ETH) is 111227.5× the size of Asia Coin (ASIA) by market capitalisation. Their daily returns move closely together (correlation 0.67 across 34 shared trading days). ASIA has been the more volatile of the two, at 89% annualised against ETH's 62%.
ASIAETH
0.67over 34 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 | ASIA | ETH |
|---|---|---|
| Max drawdown (400d) | -24.9% | -66.5% |
| Risk-adjusted return (90d) | -0.07 | 0.36 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: ASIA outperformed ETH by 0.1% — measured on the ASIA/ETH ratio, so it holds regardless of market direction.