Ethereum (ETH) is 10406.4× the size of Kyber Network Crystal (KNC) by market capitalisation. Over the past 1 year, ETH is ahead by 20.0 percentage points (KNC -63.1% against ETH -43.1%). Their daily returns move closely together (correlation 0.65 across 399 shared trading days). Both have run at a similar volatility, around 67% annualised.
| Period | KNC | ETH | Ahead |
|---|---|---|---|
| 7 days | +12.07% | +3.80% | KNC |
| 30 days | +34.69% | +15.95% | KNC |
| 90 days | +19.71% | +50.03% | ETH |
| 1 year | -63.09% | -43.06% | ETH |
| Metric | KNC | ETH |
|---|---|---|
| Max drawdown (400d) | -76.3% | -67.5% |
| Risk-adjusted return (90d) | 0.41 | 0.89 |
| Best 30 days (past year) | +39.2% | +34.1% |
| Worst 30 days (past year) | -40.7% | -44.6% |
Relative strength over 90 days: ETH outperformed KNC by 20.2% — measured on the KNC/ETH ratio, so it holds regardless of market direction.
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.