Chainlink (LINK) is 3415485.0× the size of Eggplant Finance (EGGP) by market capitalisation. Their daily returns move loosely together (correlation 0.57 across 35 shared trading days). LINK has been the more volatile of the two, at 71% annualised against EGGP's 29%.
EGGPLINK
0.57over 35 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 | EGGP | LINK |
|---|---|---|
| Max drawdown (400d) | -8.7% | -69.2% |
| Risk-adjusted return (90d) | -0.16 | 0.53 |
| Best 30 days (past year) | — | +61.6% |
| Worst 30 days (past year) | — | -43.6% |
Relative strength over 90 days: EGGP outperformed LINK by 19.8% — measured on the EGGP/LINK ratio, so it holds regardless of market direction.