Internet Computer (ICP) is 5652.9× the size of MYRAD (MYRAD) by market capitalisation. Their daily returns move loosely together (correlation 0.39 across 38 shared trading days). MYRAD has been the more volatile of the two, at 367% annualised against ICP's 108%.
MYRADICP
0.39over 38 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 | MYRAD | ICP |
|---|---|---|
| Max drawdown (400d) | -65.8% | -77.4% |
| Risk-adjusted return (90d) | -0.12 | 0.29 |
| Best 30 days (past year) | — | +49.6% |
| Worst 30 days (past year) | — | -62.1% |
Relative strength over 90 days: ICP outperformed MYRAD by 47.4% — measured on the MYRAD/ICP ratio, so it holds regardless of market direction.