Ethereum (ETH) is 15677.7× the size of Cobak (CBK) by market capitalisation. Over the past 1 year, ETH is ahead by 24.1 percentage points (CBK -61.0% against ETH -36.9%). Their daily returns move loosely together (correlation 0.46 across 365 shared trading days). Both have run at a similar volatility, around 62% annualised.
CBKETH
0.46over 365 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 | CBK | ETH |
|---|---|---|
| Max drawdown (400d) | -69.0% | -66.5% |
| Risk-adjusted return (90d) | 0.10 | 0.36 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: ETH outperformed CBK by 21.1% — measured on the CBK/ETH ratio, so it holds regardless of market direction.