Ness Lab (NESS) and The Graph (GRT) compared side by side. Over the past 1 year, GRT is ahead by 24.2 percentage points (NESS -89.6% against GRT -65.4%). Their daily returns move barely together (correlation 0.03 across 301 shared trading days). GRT has been the more volatile of the two, at 85% annualised against NESS's 67%.
NESSGRT
0.03over 301 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 | NESS | GRT |
|---|---|---|
| Max drawdown (400d) | -90.1% | -85.1% |
| Risk-adjusted return (90d) | -0.85 | 0.30 |
| Best 30 days (past year) | — | +115.0% |
| Worst 30 days (past year) | — | -41.8% |
Relative strength over 90 days: GRT outperformed NESS by 49.7% — measured on the NESS/GRT ratio, so it holds regardless of market direction.