Chainlink (LINK) is 599.9× the size of Orderly (ORDER) by market capitalisation. Over the past 1 year, LINK is ahead by 61.8 percentage points (ORDER -89.5% against LINK -27.7%). Their daily returns move loosely together (correlation 0.56 across 373 shared trading days). ORDER has been the more volatile of the two, at 107% annualised against LINK's 71%.
ORDERLINK
0.56over 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 | ORDER | LINK |
|---|---|---|
| Max drawdown (400d) | -93.7% | -69.2% |
| Risk-adjusted return (90d) | 0.03 | 0.47 |
| Best 30 days (past year) | +31.4% | +61.6% |
| Worst 30 days (past year) | -65.1% | -43.6% |
Relative strength over 90 days: LINK outperformed ORDER by 26.2% — measured on the ORDER/LINK ratio, so it holds regardless of market direction.