Zcash (ZEC) is 14092.2× the size of CHEQD Network (CHEQ) by market capitalisation. Over the past 1 year, ZEC is ahead by 275.8 percentage points (CHEQ -94.9% against ZEC +181.0%). Their daily returns move barely together (correlation 0.04 across 373 shared trading days). CHEQ has been the more volatile of the two, at 271% annualised against ZEC's 149%.
CHEQZEC
0.04over 373 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 | CHEQ | ZEC |
|---|---|---|
| Max drawdown (400d) | -96.3% | -71.8% |
| Risk-adjusted return (90d) | -0.08 | 1.06 |
| Best 30 days (past year) | +286.7% | +188.2% |
| Worst 30 days (past year) | -48.5% | -59.2% |
Relative strength over 90 days: ZEC outperformed CHEQ by 76.9% — measured on the CHEQ/ZEC ratio, so it holds regardless of market direction.