Cronos (CRO) is 2.6× the size of Gate (GT) by market capitalisation. Over the past 30 days, GT is ahead by 16.6 percentage points (GT +2.4% against CRO -14.2%). Their daily returns move loosely together (correlation 0.60 across 58 shared trading days). CRO has been the more volatile of the two, at 86% annualised against GT's 70%.
GTCRO
0.60over 58 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 | GT | CRO |
|---|---|---|
| Max drawdown (400d) | -17.7% | -28.4% |
| Risk-adjusted return (90d) | 0.61 | 0.07 |
Relative strength over 90 days: GT outperformed CRO by 35.4% — measured on the GT/CRO ratio, so it holds regardless of market direction.