Internet Computer (ICP) is 3028.0× the size of GT Protocol (GTAI) by market capitalisation. Over the past 1 year, ICP is ahead by 56.9 percentage points (GTAI -93.4% against ICP -36.5%). Their daily returns move barely together (correlation 0.21 across 373 shared trading days). Both have run at a similar volatility, around 105% annualised.
GTAIICP
0.21over 373 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 | GTAI | ICP |
|---|---|---|
| Max drawdown (400d) | -95.4% | -77.4% |
| Risk-adjusted return (90d) | -0.27 | 0.25 |
| Best 30 days (past year) | +60.0% | +49.6% |
| Worst 30 days (past year) | -69.8% | -62.1% |
Relative strength over 90 days: ICP outperformed GTAI by 42.2% — measured on the GTAI/ICP ratio, so it holds regardless of market direction.