Maple Finance (SYRUP) is 1237.3× the size of Crystal Stones (CRYSTAL STONES) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 35 shared trading days). CRYSTAL STONES has been the more volatile of the two, at 158% annualised against SYRUP's 87%.
CRYSTAL STONESSYRUP
0.10over 35 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 | CRYSTAL STONES | SYRUP |
|---|---|---|
| Max drawdown (400d) | -47.4% | -74.3% |
| Risk-adjusted return (90d) | -0.23 | 0.04 |
| Best 30 days (past year) | — | +52.7% |
| Worst 30 days (past year) | — | -49.6% |
Relative strength over 90 days: SYRUP outperformed CRYSTAL STONES by 3.0% — measured on the CRYSTAL STONES/SYRUP ratio, so it holds regardless of market direction.