Stacks (STX) is 57.9× the size of Elastos (ELA) by market capitalisation. Over the past 1 year, STX is ahead by 60.2 percentage points (ELA -72.2% against STX -12.0%). Their daily returns move barely together (correlation 0.16 across 373 shared trading days). ELA has been the more volatile of the two, at 157% annualised against STX's 93%.
ELASTX
0.16over 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 | ELA | STX |
|---|---|---|
| Max drawdown (400d) | -87.3% | -80.9% |
| Risk-adjusted return (90d) | 0.27 | 1.22 |
| Best 30 days (past year) | +83.0% | +120.9% |
| Worst 30 days (past year) | -47.5% | -35.3% |
Relative strength over 90 days: STX outperformed ELA by 14.3% — measured on the ELA/STX ratio, so it holds regardless of market direction.