Ethereum (ETH) is 4377815.5× the size of LIT (LIT) by market capitalisation. Their daily returns move very closely together (correlation 0.85 across 93 shared trading days). LIT has been the more volatile of the two, at 104% annualised against ETH's 62%.
LITETH
0.85over 93 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 | LIT | ETH |
|---|---|---|
| Max drawdown (400d) | -65.9% | -66.5% |
| Risk-adjusted return (90d) | -0.41 | 0.50 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: ETH outperformed LIT by 15.8% — measured on the LIT/ETH ratio, so it holds regardless of market direction.