Diem vs OriginTrail

OriginTrail (TRAC) is 2.4× the size of Diem (DIEM) by market capitalisation. Over the past 30 days, TRAC is ahead by 6.0 percentage points (DIEM -1.3% against TRAC +4.7%). Their daily returns move barely together (correlation 0.23 across 53 shared trading days). DIEM has been the more volatile of the two, at 133% annualised against TRAC's 104%.

Correlation: 0.23
Size ratio: 1 : 2.4
Ahead over 30 days: TRAC

DiemDIEM

$1,769.46

24h: +2.64%
Market cap: $65.18M
Volume 24h: $1.46M
Volatility (ann.): 133%

OriginTrailTRAC

$0.349739

24h: +4.48%
Market cap: $156.42M
Volume 24h: $1.59M
Volatility (ann.): 104%

DIEM 29.4%Share of the two combined market caps70.6% TRAC

Performance

DIEMTRAC

7 days-8.08%-7.03%TRAC
30 days-1.34%+4.69%TRAC

Correlation

0.23over 53 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4090d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	DIEM	TRAC
Max drawdown (400d)	-26.7%	-22.2%
Risk-adjusted return (90d)	0.10	0.29

Relative strength over 90 days: TRAC outperformed DIEM by 10.8% — measured on the DIEM/TRAC ratio, so it holds regardless of market direction.

Diem →OriginTrail →