Espresso vs OpenGradient

Espresso (ESP) is 2.0× the size of OpenGradient (OPG) by market capitalisation. Over the past 90 days, OPG is ahead by 2.8 percentage points (ESP +28.8% against OPG +31.7%). Their daily returns move barely together (correlation 0.06 across 166 shared trading days). Both have run at a similar volatility, around 159% annualised.

Correlation: 0.06
Size ratio: 2.0×
Ahead over 90 days: OPG

EspressoESP

$0.080040

24h: +1.95%
Market cap: $57.10M
Volume 24h: $929,809
Volatility (ann.): 162%

OpenGradientOPG

$0.122000

24h: +2.19%
Market cap: $29.19M
Volume 24h: $3.63M
Volatility (ann.): 156%

ESP 66.2%Share of the two combined market caps33.8% OPG

Performance

ESPOPG

7 days-10.34%+0.68%OPG
30 days-25.97%-12.55%OPG
90 days+28.84%+31.67%OPG

Correlation

0.06over 166 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: 0.231y: 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	ESP	OPG
Max drawdown (400d)	-67.9%	-71.5%
Risk-adjusted return (90d)	0.34	0.39

Relative strength over 90 days: OPG outperformed ESP by 2.1% — measured on the ESP/OPG ratio, so it holds regardless of market direction.

Espresso →OpenGradient →