IGRA vs Ethereum
Ethereum (ETH) is 1173418.3× the size of IGRA (IGRA) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.15 across 31 shared trading days). IGRA has been the more volatile of the two, at 737% annualised against ETH's 63%.
Performance
| Period | IGRA | ETH | Ahead |
|---|---|---|---|
| 7 days | +0.14% | +0.05% | IGRA |
| 30 days | -23.46% | +8.85% | ETH |
| 90 days | — | +57.95% | — |
| 1 year | — | -35.20% | — |
Risk & extremes
| Metric | IGRA | ETH |
|---|---|---|
| Max drawdown (400d) | -59.0% | -66.7% |
| Risk-adjusted return (90d) | -0.03 | 1.07 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: ETH outperformed IGRA by 30.9% — measured on the IGRA/ETH ratio, so it holds regardless of market direction.
Correlation
-0.15over 31 shared trading days
7d: insufficient data30d: -0.1590d: 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.