Internet Computer (ICP) is 208.9× the size of Oraichain (ORAI) by market capitalisation. Over the past 1 year, ICP is ahead by 17.6 percentage points (ORAI -67.7% against ICP -50.1%). Their daily returns move barely together (correlation 0.14 across 373 shared trading days). ORAI has been the more volatile of the two, at 154% annualised against ICP's 108%.
ORAIICP
0.14over 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 | ORAI | ICP |
|---|---|---|
| Max drawdown (400d) | -90.8% | -77.4% |
| Risk-adjusted return (90d) | 0.55 | 0.29 |
| Best 30 days (past year) | +125.5% | +49.6% |
| Worst 30 days (past year) | -60.6% | -62.1% |
Relative strength over 90 days: ORAI outperformed ICP by 88.7% — measured on the ORAI/ICP ratio, so it holds regardless of market direction.