Cardano (ADA) is 1.9× the size of Sui (SUI) by market capitalisation. Over the past 1 year, SUI is ahead by 8.8 percentage points (ADA -69.4% against SUI -60.6%). Their daily returns move closely together (correlation 0.85 across 399 shared trading days). Both have run at a similar volatility, around 84% annualised.
ADASUI
0.85over 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 | SUI |
|---|---|---|
| Max drawdown (400d) | -82.8% | -81.6% |
| Risk-adjusted return (90d) | -0.07 | 0.23 |
| Best 30 days (past year) | +38.4% | +69.9% |
| Worst 30 days (past year) | -42.7% | -53.6% |
Relative strength over 90 days: SUI outperformed ADA by 22.3% — measured on the ADA/SUI ratio, so it holds regardless of market direction.