Zcash (ZEC) is 2568.7× the size of MinoTari (Tari) (XTM) by market capitalisation. Over the past 1 year, ZEC is ahead by 188.2 percentage points (XTM -7.2% against ZEC +181.0%). Their daily returns move barely together (correlation 0.22 across 363 shared trading days). XTM has been the more volatile of the two, at 208% annualised against ZEC's 149%.
XTMZEC
0.22over 363 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 | XTM | ZEC |
|---|---|---|
| Max drawdown (400d) | -95.6% | -71.8% |
| Risk-adjusted return (90d) | 1.17 | 1.06 |
| Best 30 days (past year) | — | +188.2% |
| Worst 30 days (past year) | — | -59.2% |
Relative strength over 90 days: XTM outperformed ZEC by 5.9% — measured on the XTM/ZEC ratio, so it holds regardless of market direction.