Algorand (ALGO) is 55.5× the size of Chromia (CHR) by market capitalisation. Over the past 1 year, ALGO is ahead by 35.6 percentage points (CHR -77.4% against ALGO -41.8%). Their daily returns move loosely together (correlation 0.55 across 398 shared trading days). CHR has been the more volatile of the two, at 98% annualised against ALGO's 78%.
CHRALGO
0.55over 398 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 | CHR | ALGO |
|---|---|---|
| Max drawdown (400d) | -86.3% | -66.2% |
| Risk-adjusted return (90d) | 0.23 | 0.07 |
| Best 30 days (past year) | +81.2% | +54.9% |
| Worst 30 days (past year) | -54.8% | -37.9% |
Relative strength over 90 days: CHR outperformed ALGO by 16.5% — measured on the CHR/ALGO ratio, so it holds regardless of market direction.