Litecoin (LTC) is 143.1× the size of Initia (INIT) by market capitalisation. Over the past 1 year, INIT is ahead by 38.5 percentage points (INIT +0.6% against LTC -37.9%). Their daily returns move loosely together (correlation 0.43 across 399 shared trading days). INIT has been the more volatile of the two, at 125% annualised against LTC's 62%.
INITLTC
0.43over 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 | INIT | LTC |
|---|---|---|
| Max drawdown (400d) | -85.9% | -67.5% |
| Risk-adjusted return (90d) | 1.08 | 0.32 |
| Best 30 days (past year) | +148.6% | +45.4% |
| Worst 30 days (past year) | -51.4% | -39.5% |
Relative strength over 90 days: INIT outperformed LTC by 102.3% — measured on the INIT/LTC ratio, so it holds regardless of market direction.