Canton vs Litecoin
Canton (CC) is 1.0× the size of Litecoin (LTC) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 31 shared trading days). CC has been the more volatile of the two, at 88% annualised against LTC's 62%.
Performance
| Period | CC | LTC | Ahead |
|---|---|---|---|
| 7 days | -11.69% | +21.35% | LTC |
| 30 days | -0.15% | +44.50% | LTC |
| 90 days | — | +65.00% | — |
| 1 year | — | -31.76% | — |
Risk & extremes
| Metric | CC | LTC |
|---|---|---|
| Max drawdown (400d) | -23.3% | -67.5% |
| Risk-adjusted return (90d) | 0.00 | 1.14 |
| Best 30 days (past year) | — | +45.4% |
| Worst 30 days (past year) | — | -39.5% |
Relative strength over 90 days: LTC outperformed CC by 14.0% — measured on the CC/LTC ratio, so it holds regardless of market direction.
Correlation
0.36over 31 shared trading days
7d: insufficient data30d: 0.3690d: 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.