Centrifuge [OLD] (CFG) and Maple Finance (SYRUP) compared side by side. Over the past 1 year, CFG is ahead by 8.1 percentage points (CFG -52.6% against SYRUP -60.7%). Their daily returns move loosely together (correlation 0.35 across 363 shared trading days). CFG has been the more volatile of the two, at 144% annualised against SYRUP's 87%.
CFGSYRUP
0.35over 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 | SYRUP |
|---|---|---|
| Max drawdown (400d) | -78.7% | -74.3% |
| Risk-adjusted return (90d) | -0.22 | 0.00 |
| Best 30 days (past year) | — | +52.7% |
| Worst 30 days (past year) | — | -49.6% |
Relative strength over 90 days: SYRUP outperformed CFG by 52.4% — measured on the CFG/SYRUP ratio, so it holds regardless of market direction.