EigenCloud (prev. EigenLayer) (EIGEN) is 278.7× the size of Gitlawb (GITLAWB) by market capitalisation. Their daily returns move loosely together (correlation 0.40 across 40 shared trading days). GITLAWB has been the more volatile of the two, at 495% annualised against EIGEN's 109%.
$0.186400
GITLAWBEIGEN
0.40over 40 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 | GITLAWB | EIGEN |
|---|---|---|
| Max drawdown (400d) | -90.3% | -92.3% |
| Risk-adjusted return (90d) | -0.16 | -0.02 |
| Best 30 days (past year) | — | +46.0% |
| Worst 30 days (past year) | — | -55.2% |
Relative strength over 90 days: EIGEN outperformed GITLAWB by 78.7% — measured on the GITLAWB/EIGEN ratio, so it holds regardless of market direction.