Solana (SOL) is 56460.6× the size of ORANGE (ORNG) by market capitalisation. Over the past 1 year, SOL is ahead by 48.4 percentage points (ORNG -92.5% against SOL -44.1%). Their daily returns move loosely together (correlation 0.37 across 373 shared trading days). ORNG has been the more volatile of the two, at 79% annualised against SOL's 66%.
ORNGSOL
0.37over 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 | ORNG | SOL |
|---|---|---|
| Max drawdown (400d) | -93.9% | -73.5% |
| Risk-adjusted return (90d) | -0.74 | 0.44 |
| Best 30 days (past year) | +19.7% | +47.8% |
| Worst 30 days (past year) | -62.0% | -46.1% |
Relative strength over 90 days: SOL outperformed ORNG by 37.2% — measured on the ORNG/SOL ratio, so it holds regardless of market direction.