Ether.fi (ETHFI) is 4307.2× the size of Neutron (NTRN) by market capitalisation. Their daily returns move loosely together (correlation 0.54 across 181 shared trading days). NTRN has been the more volatile of the two, at 134% annualised against ETHFI's 98%.
NTRNETHFI
0.54over 181 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 | NTRN | ETHFI |
|---|---|---|
| Max drawdown (400d) | -98.0% | -84.3% |
| Risk-adjusted return (90d) | -0.67 | 0.63 |
| Best 30 days (past year) | — | +78.6% |
| Worst 30 days (past year) | — | -46.6% |
Relative strength over 90 days: ETHFI outperformed NTRN by 91.1% — measured on the NTRN/ETHFI ratio, so it holds regardless of market direction.