EigenCloud (prev. EigenLayer) (EIGEN) is 5493.0× the size of ClawCloudX (CLOUDX) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.41 across 20 shared trading days). EIGEN has been the more volatile of the two, at 107% annualised against CLOUDX's 35%.
$0.166300
CLOUDXEIGEN
-0.41over 20 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 | CLOUDX | EIGEN |
|---|---|---|
| Max drawdown (400d) | -17.9% | -92.3% |
| Risk-adjusted return (90d) | — | 0.02 |
| Best 30 days (past year) | — | +46.0% |
| Worst 30 days (past year) | — | -55.2% |
Relative strength over 90 days: CLOUDX outperformed EIGEN by 12.6% — measured on the CLOUDX/EIGEN ratio, so it holds regardless of market direction.