Lightchain AI (LCAI) and Injective (INJ) compared side by side. Their daily returns move barely together (correlation 0.21 across 33 shared trading days). INJ has been the more volatile of the two, at 100% annualised against LCAI's 77%.
LCAIINJ
0.21over 33 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 | LCAI | INJ |
|---|---|---|
| Max drawdown (400d) | -16.6% | -79.5% |
| Risk-adjusted return (90d) | 0.14 | 0.46 |
| Best 30 days (past year) | — | +92.8% |
| Worst 30 days (past year) | — | -46.8% |
Relative strength over 90 days: LCAI outperformed INJ by 12.7% — measured on the LCAI/INJ ratio, so it holds regardless of market direction.