NEAR Protocol (NEAR) is 1.1× the size of Bitcoin Cash (BCH) by market capitalisation. Over the past 1 year, NEAR is ahead by 84.1 percentage points (NEAR +28.7% against BCH -55.4%). Their daily returns move loosely together (correlation 0.41 across 399 shared trading days). NEAR has been the more volatile of the two, at 109% annualised against BCH's 79%.
NEARBCH
0.41over 399 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 | NEAR | BCH |
|---|---|---|
| Max drawdown (400d) | -68.7% | -70.9% |
| Risk-adjusted return (90d) | 0.92 | 0.08 |
| Best 30 days (past year) | +195.3% | +34.0% |
| Worst 30 days (past year) | -48.1% | -56.8% |
Relative strength over 90 days: NEAR outperformed BCH by 101.1% — measured on the NEAR/BCH ratio, so it holds regardless of market direction.