Polkadot (DOT) is 62.5× the size of Lumia (LUMIA) by market capitalisation. Over the past 1 year, LUMIA is ahead by 27.3 percentage points (LUMIA -36.4% against DOT -63.7%). Their daily returns move loosely together (correlation 0.43 across 399 shared trading days). LUMIA has been the more volatile of the two, at 134% annualised against DOT's 88%.
LUMIADOT
0.43over 399 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 | LUMIA | DOT |
|---|---|---|
| Max drawdown (400d) | -80.9% | -82.9% |
| Risk-adjusted return (90d) | 0.09 | 0.13 |
| Best 30 days (past year) | +194.2% | +55.9% |
| Worst 30 days (past year) | -55.6% | -44.2% |
Relative strength over 90 days: DOT outperformed LUMIA by 1.9% — measured on the LUMIA/DOT ratio, so it holds regardless of market direction.