Ethereum (ETH) is 419121.5× the size of MultiVAC (MTV) by market capitalisation. Over the past 1 year, ETH is ahead by 40.9 percentage points (MTV -77.7% against ETH -36.9%). Their daily returns move barely together (correlation 0.12 across 370 shared trading days). Both have run at a similar volatility, around 61% annualised.
MTVETH
0.12over 370 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 | MTV | ETH |
|---|---|---|
| Max drawdown (400d) | -80.5% | -66.5% |
| Risk-adjusted return (90d) | -0.81 | 0.36 |
| Best 30 days (past year) | +46.5% | +34.1% |
| Worst 30 days (past year) | -33.8% | -44.6% |
Relative strength over 90 days: ETH outperformed MTV by 52.1% — measured on the MTV/ETH ratio, so it holds regardless of market direction.