NEAR Protocol (NEAR) is 135.8× the size of iExec RLC (RLC) by market capitalisation. Over the past 1 year, NEAR is ahead by 159.7 percentage points (RLC -40.8% against NEAR +118.9%). Their daily returns move loosely together (correlation 0.36 across 399 shared trading days). RLC has been the more volatile of the two, at 127% annualised against NEAR's 108%.
RLCNEAR
0.36over 399 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 | RLC | NEAR |
|---|---|---|
| Max drawdown (400d) | -77.9% | -68.7% |
| Risk-adjusted return (90d) | 0.28 | 1.11 |
| Best 30 days (past year) | +275.5% | +195.3% |
| Worst 30 days (past year) | -42.9% | -48.1% |
Relative strength over 90 days: NEAR outperformed RLC by 32.2% — measured on the RLC/NEAR ratio, so it holds regardless of market direction.