Ondo (ONDO) is 198.8× the size of Lingo (LINGO) by market capitalisation. Over the past 1 year, LINGO is ahead by 5.8 percentage points (LINGO -30.8% against ONDO -36.5%). Their daily returns move barely together (correlation 0.07 across 373 shared trading days). Both have run at a similar volatility, around 94% annualised.
LINGOONDO
0.07over 373 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 | LINGO | ONDO |
|---|---|---|
| Max drawdown (400d) | -68.4% | -76.6% |
| Risk-adjusted return (90d) | 0.59 | 0.04 |
| Best 30 days (past year) | +88.1% | +76.6% |
| Worst 30 days (past year) | -45.3% | -50.8% |
Relative strength over 90 days: LINGO outperformed ONDO by 57.2% — measured on the LINGO/ONDO ratio, so it holds regardless of market direction.