Cardano (ADA) is 1.3× the size of Bitcoin Cash (BCH) by market capitalisation. Over the past 1 year, BCH is ahead by 19.9 percentage points (ADA -65.6% against BCH -45.7%). Their daily returns move closely together (correlation 0.61 across 399 shared trading days). Both have run at a similar volatility, around 78% annualised.
ADABCH
0.61over 399 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 | ADA | BCH |
|---|---|---|
| Max drawdown (400d) | -83.5% | -70.9% |
| Risk-adjusted return (90d) | -0.01 | 0.27 |
| Best 30 days (past year) | +38.4% | +34.0% |
| Worst 30 days (past year) | -42.7% | -56.8% |
Relative strength over 90 days: BCH outperformed ADA by 22.3% — measured on the ADA/BCH ratio, so it holds regardless of market direction.