Dash (DASH) is 13.3× the size of Ontology (ONT) by market capitalisation. Over the past 1 year, ONT is ahead by 18.0 percentage points (ONT -43.2% against DASH -61.2%). Their daily returns move barely together (correlation 0.20 across 399 shared trading days). DASH has been the more volatile of the two, at 148% annualised against ONT's 114%.
ONTDASH
0.20over 399 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 | ONT | DASH |
|---|---|---|
| Max drawdown (400d) | -73.4% | -75.5% |
| Risk-adjusted return (90d) | 0.19 | 0.42 |
| Best 30 days (past year) | +158.1% | +131.4% |
| Worst 30 days (past year) | -37.2% | -59.2% |
Relative strength over 90 days: DASH outperformed ONT by 20.1% — measured on the ONT/DASH ratio, so it holds regardless of market direction.