Decred (DCR) is 1220.9× the size of JunoCash (JUNO) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 39 shared trading days). JUNO has been the more volatile of the two, at 175% annualised against DCR's 125%.
JUNODCR
0.24over 39 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 | JUNO | DCR |
|---|---|---|
| Max drawdown (400d) | -36.8% | -75.5% |
| Risk-adjusted return (90d) | 0.08 | 0.09 |
| Best 30 days (past year) | — | +82.5% |
| Worst 30 days (past year) | — | -53.6% |
Relative strength over 90 days: JUNO outperformed DCR by 22.5% — measured on the JUNO/DCR ratio, so it holds regardless of market direction.