Ether.fi (ETHFI) is 859.2× the size of Obol (OBOL) by market capitalisation. Over the past 1 year, ETHFI is ahead by 65.2 percentage points (OBOL -98.1% against ETHFI -32.9%). Their daily returns move barely together (correlation 0.20 across 373 shared trading days). OBOL has been the more volatile of the two, at 153% annualised against ETHFI's 100%.
OBOLETHFI
0.20over 373 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 | OBOL | ETHFI |
|---|---|---|
| Max drawdown (400d) | -98.3% | -84.3% |
| Risk-adjusted return (90d) | -0.33 | 0.54 |
| Best 30 days (past year) | +82.0% | +78.6% |
| Worst 30 days (past year) | -75.8% | -46.6% |
Relative strength over 90 days: ETHFI outperformed OBOL by 54.8% — measured on the OBOL/ETHFI ratio, so it holds regardless of market direction.