Zano (ZANO) is 158.3× the size of Loyal (LOYAL) by market capitalisation. Over the past 30 days, ZANO is ahead by 0.3 percentage points (LOYAL -38.6% against ZANO -38.3%). Their daily returns move loosely together (correlation 0.56 across 30 shared trading days). ZANO has been the more volatile of the two, at 117% annualised against LOYAL's 88%.
LOYALZANO
0.56over 30 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 | LOYAL | ZANO |
|---|---|---|
| Max drawdown (400d) | -38.7% | -61.7% |
| Risk-adjusted return (90d) | -0.43 | -0.49 |
Relative strength over 90 days: LOYAL outperformed ZANO by 21.6% — measured on the LOYAL/ZANO ratio, so it holds regardless of market direction.