Metan Evolutions (METAN) and Ethereum (ETH) compared side by side. Over the past 1 year, ETH is ahead by 53.6 percentage points (METAN -79.9% against ETH -26.2%). Their daily returns move barely in opposite directions (correlation -0.01 across 373 shared trading days). METAN has been the more volatile of the two, at 695% annualised against ETH's 62%.
METANETH
-0.01over 373 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 | METAN | ETH |
|---|---|---|
| Max drawdown (400d) | -96.5% | -66.5% |
| Risk-adjusted return (90d) | -0.07 | 0.50 |
| Best 30 days (past year) | +232.5% | +34.1% |
| Worst 30 days (past year) | -92.5% | -44.6% |
Relative strength over 90 days: ETH outperformed METAN by 96.4% — measured on the METAN/ETH ratio, so it holds regardless of market direction.