ICPanda DAO vs AI Rig Complex

AI Rig Complex (ARC) is 60.8× the size of ICPanda DAO (PANDA) by market capitalisation. Over the past 30 days, PANDA is ahead by 20.1 percentage points (PANDA -27.6% against ARC -47.7%). Their daily returns move barely together (correlation 0.35 across 31 shared trading days). Both have run at a similar volatility, around 170% annualised.

Correlation: 0.35
Size ratio: 1 : 60.8
Ahead over 30 days: PANDA

ICPanda DAOPANDA

$0.000784

24h: -9.59%
Market cap: $638,923
Volume 24h: $1,262
Volatility (ann.): 170%

AI Rig ComplexARC

$0.038879

24h: +0.46%
Market cap: $38.88M
Volume 24h: $2.14M
Volatility (ann.): 170%

PANDA 1.6%Share of the two combined market caps98.4% ARC

Performance

PANDAARC

7 days-26.56%-24.10%ARC
30 days-27.57%-47.71%PANDA

Correlation

0.35over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	PANDA	ARC
Max drawdown (400d)	-49.7%	-55.4%
Risk-adjusted return (90d)	-0.04	-0.27

Relative strength over 90 days: PANDA outperformed ARC by 68.3% — measured on the PANDA/ARC ratio, so it holds regardless of market direction.