Dai (DAI) is 1.1× the size of Canton (CC) by market capitalisation. Over the past 30 days, DAI is ahead by 0.5 percentage points (DAI +0.0% against CC -0.5%). Their daily returns move barely together (correlation 0.06 across 27 shared trading days). CC has been the more volatile of the two, at 126% annualised against DAI's 1%.
DAICC
0.06over 27 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 | DAI | CC |
|---|---|---|
| Max drawdown (400d) | -0.1% | -30.6% |
| Risk-adjusted return (90d) | 0.03 | 0.01 |
Relative strength over 90 days: DAI outperformed CC by 34.6% — measured on the DAI/CC ratio, so it holds regardless of market direction.