Pyth Network (PYTH) is 94.0× the size of KRYLL (KRL) by market capitalisation. Over the past 1 year, PYTH is ahead by 23.2 percentage points (KRL -54.4% against PYTH -31.1%). Their daily returns move loosely together (correlation 0.46 across 372 shared trading days). PYTH has been the more volatile of the two, at 98% annualised against KRL's 35%.
KRLPYTH
0.46over 372 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 | KRL | PYTH |
|---|---|---|
| Max drawdown (400d) | -59.7% | -81.1% |
| Risk-adjusted return (90d) | 0.34 | 0.70 |
| Best 30 days (past year) | +10.0% | +76.8% |
| Worst 30 days (past year) | -22.6% | -46.7% |
Relative strength over 90 days: PYTH outperformed KRL by 24.5% — measured on the KRL/PYTH ratio, so it holds regardless of market direction.