Ethereum (ETH) is 10721.3× the size of BORA (BORA) by market capitalisation. Their daily returns move loosely together (correlation 0.48 across 50 shared trading days). Both have run at a similar volatility, around 61% annualised.
BORAETH
0.48over 50 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 | BORA | ETH |
|---|---|---|
| Max drawdown (400d) | -22.7% | -66.5% |
| Risk-adjusted return (90d) | 0.10 | 0.36 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: BORA outperformed ETH by 16.0% — measured on the BORA/ETH ratio, so it holds regardless of market direction.