Ethereum (ETH) is 905766.2× the size of Kite (KITE) by market capitalisation. Over the past 1 year, KITE is ahead by 426.0 percentage points (KITE +399.7% against ETH -26.2%). Their daily returns move barely in opposite directions (correlation -0.01 across 341 shared trading days). KITE has been the more volatile of the two, at 208% annualised against ETH's 62%.
KITEETH
-0.01over 341 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 | KITE | ETH |
|---|---|---|
| Max drawdown (400d) | -69.5% | -66.5% |
| Risk-adjusted return (90d) | 0.68 | 0.50 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: KITE outperformed ETH by 144.8% — measured on the KITE/ETH ratio, so it holds regardless of market direction.