Chainlink (LINK) is 343910.8× the size of Azuro Protocol (AZUR) by market capitalisation. Over the past 1 year, LINK is ahead by 77.5 percentage points (AZUR -99.5% against LINK -22.0%). Their daily returns move barely in opposite directions (correlation -0.03 across 373 shared trading days). AZUR has been the more volatile of the two, at 91910% annualised against LINK's 71%.
AZURLINK
-0.03over 373 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 | AZUR | LINK |
|---|---|---|
| Max drawdown (400d) | -99.9% | -69.2% |
| Risk-adjusted return (90d) | 0.00 | 0.53 |
| Best 30 days (past year) | +9728.0% | +61.6% |
| Worst 30 days (past year) | -92.0% | -43.6% |
Relative strength over 90 days: LINK outperformed AZUR by 95.7% — measured on the AZUR/LINK ratio, so it holds regardless of market direction.