Chainlink (LINK) is 2984.6× the size of Nexora (NEX) by market capitalisation. Their daily returns move closely together (correlation 0.60 across 32 shared trading days). Both have run at a similar volatility, around 72% annualised.
NEXLINK
0.60over 32 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 | NEX | LINK |
|---|---|---|
| Max drawdown (400d) | -35.1% | -69.2% |
| Risk-adjusted return (90d) | -0.48 | 0.47 |
| Best 30 days (past year) | — | +61.6% |
| Worst 30 days (past year) | — | -43.6% |
Relative strength over 90 days: LINK outperformed NEX by 34.5% — measured on the NEX/LINK ratio, so it holds regardless of market direction.