Stacks (STX) is 276.8× the size of Coinweb (CWEB) by market capitalisation. Over the past 1 year, STX is ahead by 77.6 percentage points (CWEB -89.7% against STX -12.0%). Their daily returns move barely in opposite directions (correlation -0.02 across 373 shared trading days). STX has been the more volatile of the two, at 93% annualised against CWEB's 60%.
CWEBSTX
-0.02over 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 | CWEB | STX |
|---|---|---|
| Max drawdown (400d) | -90.6% | -80.9% |
| Risk-adjusted return (90d) | -0.94 | 1.22 |
| Best 30 days (past year) | +52.9% | +120.9% |
| Worst 30 days (past year) | -38.3% | -35.3% |
Relative strength over 90 days: STX outperformed CWEB by 79.1% — measured on the CWEB/STX ratio, so it holds regardless of market direction.