Ethereum (ETH) is 23354.7× the size of Handy (HANDY) by market capitalisation. Over the past 1 year, HANDY is ahead by 137.7 percentage points (HANDY +100.8% against ETH -36.9%). Their daily returns move barely together (correlation 0.12 across 368 shared trading days). HANDY has been the more volatile of the two, at 177% annualised against ETH's 62%.
HANDYETH
0.12over 368 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 | HANDY | ETH |
|---|---|---|
| Max drawdown (400d) | -79.3% | -66.5% |
| Risk-adjusted return (90d) | -0.23 | 0.36 |
| Best 30 days (past year) | +121.1% | +34.1% |
| Worst 30 days (past year) | -67.1% | -44.6% |
Relative strength over 90 days: ETH outperformed HANDY by 61.8% — measured on the HANDY/ETH ratio, so it holds regardless of market direction.