SIRE vs OriginTrail

OriginTrail (TRAC) is 596.5× the size of SIRE (SIRE) by market capitalisation. Over the past 30 days, TRAC is ahead by 18.1 percentage points (SIRE -10.3% against TRAC +7.8%). Their daily returns move barely in opposite directions (correlation -0.06 across 23 shared trading days). TRAC has been the more volatile of the two, at 104% annualised against SIRE's 44%.

Correlation: -0.06
Size ratio: 1 : 596.5
Ahead over 30 days: TRAC

SIRESIRE

$0.011882

24h: -1.52%
Market cap: $249,511
Volume 24h: $63
Volatility (ann.): 44%

OriginTrailTRAC

$0.332730

24h: -5.18%
Market cap: $148.82M
Volume 24h: $2.11M
Volatility (ann.): 104%

SIRE 0.2%Share of the two combined market caps99.8% TRAC

Performance

SIRETRAC

7 days-2.28%-5.27%SIRE
30 days-10.25%+7.85%TRAC

Correlation

-0.06over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SIRE	TRAC
Max drawdown (400d)	-17.0%	-22.2%
Risk-adjusted return (90d)	-0.09	0.33

Relative strength over 90 days: TRAC outperformed SIRE by 1.1% — measured on the SIRE/TRAC ratio, so it holds regardless of market direction.

SIRE →OriginTrail →