Filecoin (FIL) is 78.6× the size of Iagon (IAG) by market capitalisation. Over the past 1 year, FIL is ahead by 46.5 percentage points (IAG -82.8% against FIL -36.3%). Their daily returns move loosely together (correlation 0.41 across 362 shared trading days). Both have run at a similar volatility, around 120% annualised.
IAGFIL
0.41over 362 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 | IAG | FIL |
|---|---|---|
| Max drawdown (400d) | -87.8% | -81.4% |
| Risk-adjusted return (90d) | 0.08 | 0.23 |
| Best 30 days (past year) | — | +66.2% |
| Worst 30 days (past year) | — | -57.1% |
Relative strength over 90 days: FIL outperformed IAG by 28.7% — measured on the IAG/FIL ratio, so it holds regardless of market direction.