NOAH DAO (NOAH) and Arc Inu (AI) compared side by side. Over the past 30 days, NOAH is ahead by 18.7 percentage points (NOAH -53.6% against AI -72.3%). Their daily returns move barely together (correlation 0.04 across 30 shared trading days). Both have run at a similar volatility, around 316% annualised.
NOAHAI
0.04over 30 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 | NOAH | AI |
|---|---|---|
| Max drawdown (400d) | -57.4% | -72.3% |
| Risk-adjusted return (90d) | -0.17 | -0.23 |
Relative strength over 90 days: NOAH outperformed AI by 49.0% — measured on the NOAH/AI ratio, so it holds regardless of market direction.