NEAR Protocol (NEAR) is 99865.6× the size of GNY (GNY) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 112 shared trading days). GNY has been the more volatile of the two, at 154% annualised against NEAR's 108%.
GNYNEAR
0.18over 112 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 | GNY | NEAR |
|---|---|---|
| Max drawdown (400d) | -96.1% | -68.7% |
| Risk-adjusted return (90d) | -0.59 | 1.11 |
| Best 30 days (past year) | — | +195.3% |
| Worst 30 days (past year) | — | -48.1% |
Relative strength over 90 days: NEAR outperformed GNY by 97.1% — measured on the GNY/NEAR ratio, so it holds regardless of market direction.