Ethereum (ETH) is 7448.9× the size of Moo Deng (MOODENG) by market capitalisation. Their daily returns move loosely together (correlation 0.56 across 30 shared trading days). MOODENG has been the more volatile of the two, at 87% annualised against ETH's 65%.
| Period | MOODENG | ETH | Ahead |
|---|---|---|---|
| 7 days | +14.62% | +4.23% | MOODENG |
| 30 days | -2.38% | +13.15% | ETH |
| 90 days | — | +54.23% | — |
| 1 year | — | -41.08% | — |
| Metric | MOODENG | ETH |
|---|---|---|
| Max drawdown (400d) | -20.1% | -67.5% |
| Risk-adjusted return (90d) | -0.03 | 0.97 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: ETH outperformed MOODENG by 5.1% — measured on the MOODENG/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.