Lido DAO (LDO) is 1.4× the size of Jito (JTO) by market capitalisation. Over the past 1 year, JTO is ahead by 0.7 percentage points (JTO -52.2% against LDO -52.9%). Their daily returns move loosely together (correlation 0.57 across 399 shared trading days). JTO has been the more volatile of the two, at 127% annualised against LDO's 95%.
JTOLDO
0.57over 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 | JTO | LDO |
|---|---|---|
| Max drawdown (400d) | -85.9% | -81.5% |
| Risk-adjusted return (90d) | -0.23 | 0.18 |
| Best 30 days (past year) | +109.1% | +58.2% |
| Worst 30 days (past year) | -51.6% | -51.2% |
Relative strength over 90 days: LDO outperformed JTO by 35.5% — measured on the JTO/LDO ratio, so it holds regardless of market direction.