Shiba Inu (SHIB) is 333.4× the size of EGL1 (EGL1) by market capitalisation. Over the past 1 year, SHIB is ahead by 34.3 percentage points (EGL1 -83.9% against SHIB -49.6%). Their daily returns move barely together (correlation 0.04 across 373 shared trading days). EGL1 has been the more volatile of the two, at 123% annualised against SHIB's 69%.
EGL1SHIB
0.04over 373 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 | EGL1 | SHIB |
|---|---|---|
| Max drawdown (400d) | -83.9% | -68.0% |
| Risk-adjusted return (90d) | -0.15 | -0.08 |
| Best 30 days (past year) | +175.1% | +39.1% |
| Worst 30 days (past year) | -53.4% | -38.4% |
Relative strength over 90 days: SHIB outperformed EGL1 by 27.2% — measured on the EGL1/SHIB ratio, so it holds regardless of market direction.