Gram (prev. Toncoin) (GRAM) is 1831.1× the size of Dragonchain (DRGN) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 40 shared trading days). DRGN has been the more volatile of the two, at 195% annualised against GRAM's 56%.
DRGNGRAM
0.42over 40 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 | DRGN | GRAM |
|---|---|---|
| Max drawdown (400d) | -30.9% | -34.8% |
| Risk-adjusted return (90d) | -0.05 | -0.28 |
Relative strength over 90 days: DRGN outperformed GRAM by 2.1% — measured on the DRGN/GRAM ratio, so it holds regardless of market direction.