Ethereum (ETH) is 47937.6× the size of Marlin (POND) by market capitalisation. Over the past 1 year, ETH is ahead by 47.6 percentage points (POND -90.6% against ETH -43.1%). Their daily returns move barely together (correlation 0.31 across 328 shared trading days). POND has been the more volatile of the two, at 141% annualised against ETH's 65%.
| Period | POND | ETH | Ahead |
|---|---|---|---|
| 7 days | -36.51% | +3.80% | ETH |
| 30 days | -54.29% | +15.95% | ETH |
| 90 days | -64.60% | +50.03% | ETH |
| 1 year | -90.62% | -43.06% | ETH |
| Metric | POND | ETH |
|---|---|---|
| Max drawdown (400d) | -92.5% | -67.5% |
| Risk-adjusted return (90d) | -0.27 | 0.89 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: ETH outperformed POND by 54.5% — measured on the POND/ETH ratio, so it holds regardless of market direction.
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.