Aethir (ATH) is 6.4× the size of Bless (BLESS) by market capitalisation. Over the past 30 days, ATH is ahead by 7.5 percentage points (BLESS +1.2% against ATH +8.6%). Their daily returns move barely together (correlation 0.17 across 32 shared trading days). BLESS has been the more volatile of the two, at 261% annualised against ATH's 149%.
BLESSATH
0.17over 32 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 | BLESS | ATH |
|---|---|---|
| Max drawdown (400d) | -32.8% | -22.7% |
| Risk-adjusted return (90d) | -0.06 | 0.22 |
Relative strength over 90 days: ATH outperformed BLESS by 21.8% — measured on the BLESS/ATH ratio, so it holds regardless of market direction.