Pyth Network (PYTH) is 33.8× the size of DIA (DIA) by market capitalisation. Over the past 1 year, PYTH is ahead by 37.0 percentage points (DIA -68.1% against PYTH -31.1%). Their daily returns move loosely together (correlation 0.50 across 399 shared trading days). Both have run at a similar volatility, around 99% annualised.
DIAPYTH
0.50over 399 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 | DIA | PYTH |
|---|---|---|
| Max drawdown (400d) | -86.3% | -81.1% |
| Risk-adjusted return (90d) | 0.46 | 0.70 |
| Best 30 days (past year) | +42.3% | +76.8% |
| Worst 30 days (past year) | -47.9% | -46.7% |
Relative strength over 90 days: PYTH outperformed DIA by 17.5% — measured on the DIA/PYTH ratio, so it holds regardless of market direction.