Lista DAO (LISTA) is 67.5× the size of Ultraround Money (CIRCLE) by market capitalisation. Their daily returns move loosely together (correlation 0.51 across 37 shared trading days). LISTA has been the more volatile of the two, at 97% annualised against CIRCLE's 73%.
CIRCLELISTA
0.51over 37 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 | CIRCLE | LISTA |
|---|---|---|
| Max drawdown (400d) | -27.9% | -91.7% |
| Risk-adjusted return (90d) | -0.35 | 0.50 |
| Best 30 days (past year) | — | +61.2% |
| Worst 30 days (past year) | — | -50.7% |
Relative strength over 90 days: LISTA outperformed CIRCLE by 32.0% — measured on the CIRCLE/LISTA ratio, so it holds regardless of market direction.