Ethereum (ETH) is 531.2× the size of Stacks (STX) by market capitalisation. Over the past 1 year, ETH is ahead by 10.9 percentage points (STX -51.9% against ETH -41.1%). Their daily returns move closely together (correlation 0.68 across 399 shared trading days). STX has been the more volatile of the two, at 90% annualised against ETH's 65%.
| Period | STX | ETH | Ahead |
|---|---|---|---|
| 7 days | +17.52% | +4.23% | STX |
| 30 days | +115.81% | +13.15% | STX |
| 90 days | +77.83% | +54.23% | STX |
| 1 year | -51.94% | -41.08% | ETH |
| Metric | STX | ETH |
|---|---|---|
| Max drawdown (400d) | -83.3% | -67.5% |
| Risk-adjusted return (90d) | 0.73 | 0.97 |
| Best 30 days (past year) | +120.9% | +34.1% |
| Worst 30 days (past year) | -42.6% | -44.6% |
Relative strength over 90 days: STX outperformed ETH by 15.3% — measured on the STX/ETH ratio, so it holds regardless of market direction.
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.