Ethereum Name Service (ENS) is 2422.1× the size of DRESSdio (DRESS) by market capitalisation. Over the past 1 year, ENS is ahead by 40.6 percentage points (DRESS -99.9% against ENS -59.3%). Their daily returns move barely together (correlation 0.18 across 363 shared trading days). DRESS has been the more volatile of the two, at 247% annualised against ENS's 82%.
DRESSENS
0.18over 363 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 | DRESS | ENS |
|---|---|---|
| Max drawdown (400d) | -100.0% | -82.4% |
| Risk-adjusted return (90d) | 0.42 | 0.23 |
| Best 30 days (past year) | — | +48.0% |
| Worst 30 days (past year) | — | -51.6% |
Relative strength over 90 days: DRESS outperformed ENS by 7.5% — measured on the DRESS/ENS ratio, so it holds regardless of market direction.