Chainlink (LINK) is 877.9× the size of Marlin (POND) by market capitalisation. Over the past 1 year, LINK is ahead by 57.1 percentage points (POND -84.7% against LINK -27.7%). Their daily returns move closely together (correlation 0.64 across 316 shared trading days). POND has been the more volatile of the two, at 191% annualised against LINK's 71%.
PONDLINK
0.64over 316 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 | POND | LINK |
|---|---|---|
| Max drawdown (400d) | -90.3% | -69.2% |
| Risk-adjusted return (90d) | -0.08 | 0.47 |
| Best 30 days (past year) | — | +61.6% |
| Worst 30 days (past year) | — | -43.6% |
Relative strength over 90 days: LINK outperformed POND by 32.4% — measured on the POND/LINK ratio, so it holds regardless of market direction.