Ether.fi (ETHFI) is 2016.9× the size of Automata (ATA) by market capitalisation. Their daily returns move closely together (correlation 0.68 across 252 shared trading days). ATA has been the more volatile of the two, at 3232% annualised against ETHFI's 100%.
ATAETHFI
0.68over 252 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 | ATA | ETHFI |
|---|---|---|
| Max drawdown (400d) | -98.7% | -84.3% |
| Risk-adjusted return (90d) | -0.01 | 0.54 |
| Best 30 days (past year) | — | +78.6% |
| Worst 30 days (past year) | — | -46.6% |
Relative strength over 90 days: ETHFI outperformed ATA by 78.1% — measured on the ATA/ETHFI ratio, so it holds regardless of market direction.