BLACKCOIN vs Zano

Zano (ZANO) is 10.0× the size of BLACKCOIN (BLACKCOIN) by market capitalisation. Over the past 30 days, BLACKCOIN is ahead by 67.5 percentage points (BLACKCOIN +29.2% against ZANO -38.3%). Their daily returns move barely together (correlation 0.09 across 34 shared trading days). ZANO has been the more volatile of the two, at 117% annualised against BLACKCOIN's 68%.

Correlation: 0.09
Size ratio: 1 : 10.0
Ahead over 30 days: BLACKCOIN

BLACKCOINBLACKCOIN

$0.006695

24h: -0.16%
Market cap: $6.70M
Volume 24h: $9,985
Volatility (ann.): 68%

ZanoZANO

$4.3000

24h: +16.23%
Market cap: $66.62M
Volume 24h: $1.20M
Volatility (ann.): 117%

BLACKCOIN 9.1%Share of the two combined market caps90.9% ZANO

Performance

BLACKCOINZANO

7 days-1.86%-4.96%BLACKCOIN
30 days+29.23%-38.31%BLACKCOIN

Correlation

0.09over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	BLACKCOIN	ZANO
Max drawdown (400d)	-6.5%	-61.7%
Risk-adjusted return (90d)	0.52	-0.49

Relative strength over 90 days: BLACKCOIN outperformed ZANO by 167.4% — measured on the BLACKCOIN/ZANO ratio, so it holds regardless of market direction.

BLACKCOIN →Zano →