LayerZero (ZRO) is 272.7× the size of KYVE Network (KYVE) by market capitalisation. Over the past 1 year, ZRO is ahead by 100.8 percentage points (KYVE -71.0% against ZRO +29.8%). Their daily returns move barely in opposite directions (correlation -0.05 across 369 shared trading days). KYVE has been the more volatile of the two, at 318% annualised against ZRO's 103%.
KYVEZRO
-0.05over 369 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 | KYVE | ZRO |
|---|---|---|
| Max drawdown (400d) | -89.3% | -70.5% |
| Risk-adjusted return (90d) | -0.05 | 1.07 |
| Best 30 days (past year) | +540.1% | +115.2% |
| Worst 30 days (past year) | -55.8% | -47.3% |
Relative strength over 90 days: ZRO outperformed KYVE by 59.4% — measured on the KYVE/ZRO ratio, so it holds regardless of market direction.