Centrifuge [OLD] (CFG) and Ondo (ONDO) compared side by side. Over the past 1 year, ONDO is ahead by 16.0 percentage points (CFG -52.6% against ONDO -36.5%). Their daily returns move loosely together (correlation 0.46 across 363 shared trading days). CFG has been the more volatile of the two, at 144% annualised against ONDO's 95%.
CFGONDO
0.46over 363 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 | CFG | ONDO |
|---|---|---|
| Max drawdown (400d) | -78.7% | -76.6% |
| Risk-adjusted return (90d) | -0.22 | 0.04 |
| Best 30 days (past year) | — | +76.6% |
| Worst 30 days (past year) | — | -50.8% |
Relative strength over 90 days: ONDO outperformed CFG by 52.8% — measured on the CFG/ONDO ratio, so it holds regardless of market direction.