EMAIL Token (EMT) and Chainlink (LINK) compared side by side. Their daily returns move barely in opposite directions (correlation -0.23 across 33 shared trading days). LINK has been the more volatile of the two, at 71% annualised against EMT's 34%.
EMTLINK
-0.23over 33 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 | EMT | LINK |
|---|---|---|
| Max drawdown (400d) | -18.2% | -69.2% |
| Risk-adjusted return (90d) | -0.34 | 0.47 |
| Best 30 days (past year) | — | +61.6% |
| Worst 30 days (past year) | — | -43.6% |
Relative strength over 90 days: EMT outperformed LINK by 15.5% — measured on the EMT/LINK ratio, so it holds regardless of market direction.