KITEAI (KITEAI) and Ethereum (ETH) compared side by side. Over the past 1 year, ETH is ahead by 23.1 percentage points (KITEAI -60.0% against ETH -36.9%). Their daily returns move barely together (correlation 0.06 across 364 shared trading days). KITEAI has been the more volatile of the two, at 86% annualised against ETH's 62%.
KITEAIETH
0.06over 364 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 | KITEAI | ETH |
|---|---|---|
| Max drawdown (400d) | -73.3% | -66.5% |
| Risk-adjusted return (90d) | — | 0.36 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: ETH outperformed KITEAI by 39.9% — measured on the KITEAI/ETH ratio, so it holds regardless of market direction.