One (ONE) and LEO Token (LEO) compared side by side. Over the past 30 days, ONE is ahead by 10.2 percentage points (ONE +12.3% against LEO +2.1%). Their daily returns move barely in opposite directions (correlation -0.10 across 20 shared trading days). ONE has been the more volatile of the two, at 51% annualised against LEO's 21%.
ONELEO
-0.10over 20 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 | ONE | LEO |
|---|---|---|
| Max drawdown (400d) | -8.3% | -8.8% |
| Risk-adjusted return (90d) | 0.24 | -0.02 |
Relative strength over 90 days: LEO outperformed ONE by 13.2% — measured on the ONE/LEO ratio, so it holds regardless of market direction.