NEAR Protocol (NEAR) is 11411.2× the size of ChAtoshI (CHATOSHI) by market capitalisation. Their daily returns move loosely together (correlation 0.43 across 38 shared trading days). NEAR has been the more volatile of the two, at 108% annualised against CHATOSHI's 72%.
CHATOSHINEAR
0.43over 38 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 | CHATOSHI | NEAR |
|---|---|---|
| Max drawdown (400d) | -27.4% | -68.7% |
| Risk-adjusted return (90d) | -0.26 | 0.98 |
| Best 30 days (past year) | — | +195.3% |
| Worst 30 days (past year) | — | -48.1% |
Relative strength over 90 days: NEAR outperformed CHATOSHI by 59.8% — measured on the CHATOSHI/NEAR ratio, so it holds regardless of market direction.