Jupiter (JUP) is 36.2× the size of Kyber Network Crystal (KNC) by market capitalisation. Over the past 1 year, JUP is ahead by 34.7 percentage points (KNC -58.9% against JUP -24.2%). Their daily returns move loosely together (correlation 0.55 across 399 shared trading days). JUP has been the more volatile of the two, at 97% annualised against KNC's 69%.
KNCJUP
0.55over 399 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 | KNC | JUP |
|---|---|---|
| Max drawdown (400d) | -71.2% | -70.9% |
| Risk-adjusted return (90d) | 0.16 | 0.40 |
| Best 30 days (past year) | +39.2% | +68.3% |
| Worst 30 days (past year) | -40.7% | -41.5% |
Relative strength over 90 days: JUP outperformed KNC by 23.7% — measured on the KNC/JUP ratio, so it holds regardless of market direction.