Level vs Lighter

Lighter (LIT) is 10191.4× the size of Level (LVL) by market capitalisation. Over the past 30 days, LVL is ahead by 14.2 percentage points (LVL -2.7% against LIT -16.9%). Their daily returns move barely together (correlation 0.05 across 35 shared trading days). LVL has been the more volatile of the two, at 4036% annualised against LIT's 118%.

Correlation: 0.05
Size ratio: 1 : 10191.4
Ahead over 30 days: LVL

LevelLVL

$0.004738

24h: +2.03%
Market cap: $82,482
Volume 24h: $160
Volatility (ann.): 4036%

LighterLIT

$0.743000

24h: -2.93%
Market cap: $840.61M
Volume 24h: $110.72M
Volatility (ann.): 118%

LVL 0.0%Share of the two combined market caps100.0% LIT

Performance

LVLLIT

7 days-3.30%+13.99%LIT
30 days-2.70%-16.92%LVL

Correlation

0.05over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	LVL	LIT
Max drawdown (400d)	-92.5%	-42.9%
Risk-adjusted return (90d)	0.00	-0.26

Relative strength over 90 days: LVL outperformed LIT by 11.6% — measured on the LVL/LIT ratio, so it holds regardless of market direction.

Level →Lighter →