LEO Token vs Canton

LEO Token (LEO) is 2.2× the size of Canton (CC) by market capitalisation. Over the past 30 days, LEO is ahead by 2.6 percentage points (LEO +2.1% against CC -0.5%). Their daily returns move barely in opposite directions (correlation -0.07 across 58 shared trading days). CC has been the more volatile of the two, at 126% annualised against LEO's 21%.

Correlation: -0.07
Size ratio: 2.2×
Ahead over 30 days: LEO

LEO TokenLEO

$9.3300

24h: +0.46%
Market cap: $8.58B
Volume 24h: $99,022
Volatility (ann.): 21%

CantonCC

$0.098933

24h: +2.03%
Market cap: $3.96B
Volume 24h: $14.60M
Volatility (ann.): 126%

LEO 68.4%Share of the two combined market caps31.6% CC

Performance

LEOCC

7 days+2.76%-2.16%LEO
30 days+2.09%-0.52%LEO

Correlation

-0.07over 58 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2490d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	LEO	CC
Max drawdown (400d)	-8.8%	-30.6%
Risk-adjusted return (90d)	-0.02	0.01

Relative strength over 90 days: CC outperformed LEO by 1.8% — measured on the LEO/CC ratio, so it holds regardless of market direction.

LEO Token →Canton →