Ergo vs Canton

Canton (CC) is 166.4× the size of Ergo (ERG) by market capitalisation. Over the past 30 days, ERG is ahead by 7.8 percentage points (ERG +7.3% against CC -0.5%). Their daily returns move closely together (correlation 0.84 across 30 shared trading days). CC has been the more volatile of the two, at 126% annualised against ERG's 84%.

Correlation: 0.84
Size ratio: 1 : 166.4
Ahead over 30 days: ERG

ErgoERG

$0.284816

24h: +2.12%
Market cap: $23.79M
Volume 24h: $91,843
Volatility (ann.): 84%

CantonCC

$0.099005

24h: +4.12%
Market cap: $3.96B
Volume 24h: $15.29M
Volatility (ann.): 126%

ERG 0.6%Share of the two combined market caps99.4% CC

Performance

ERGCC

7 days-8.62%-2.16%CC
30 days+7.33%-0.52%ERG

Correlation

0.84over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8490d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	ERG	CC
Max drawdown (400d)	-20.8%	-30.6%
Risk-adjusted return (90d)	0.13	0.01

Relative strength over 90 days: ERG outperformed CC by 35.5% — measured on the ERG/CC ratio, so it holds regardless of market direction.

Ergo →Canton →