Canton vs Avalanche
Canton (CC) is 1.1× the size of Avalanche (AVAX) by market capitalisation. Their daily returns move loosely together (correlation 0.35 across 31 shared trading days). Both have run at a similar volatility, around 83% annualised.
Performance
| Period | CC | AVAX | Ahead |
|---|---|---|---|
| 7 days | -11.69% | +29.84% | AVAX |
| 30 days | -0.15% | +43.15% | AVAX |
| 90 days | — | +65.58% | — |
| 1 year | — | -62.81% | — |
Risk & extremes
| Metric | CC | AVAX |
|---|---|---|
| Max drawdown (400d) | -23.3% | -83.3% |
| Risk-adjusted return (90d) | 0.00 | 0.85 |
| Best 30 days (past year) | — | +49.9% |
| Worst 30 days (past year) | — | -46.9% |
Relative strength over 90 days: AVAX outperformed CC by 13.1% — measured on the CC/AVAX ratio, so it holds regardless of market direction.
Correlation
0.35over 31 shared trading days
7d: insufficient data30d: 0.3590d: 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.