OrdoFi vs Railgun

Railgun (RAIL) is 5788.5× the size of OrdoFi (ORDO) by market capitalisation. Over the past 30 days, RAIL is ahead by 101.1 percentage points (ORDO -97.3% against RAIL +3.8%). Their daily returns move barely in opposite directions (correlation -0.26 across 24 shared trading days). ORDO has been the more volatile of the two, at 488% annualised against RAIL's 167%.

Correlation: -0.26
Size ratio: 1 : 5788.5
Ahead over 30 days: RAIL

OrdoFiORDO

$2.393e-5

24h: -1.98%
Market cap: $23,928
Volume 24h: $123
Volatility (ann.): 488%

RailgunRAIL

$2.3100

24h: +6.82%
Market cap: $138.51M
Volume 24h: $171,155
Volatility (ann.): 167%

ORDO 0.0%Share of the two combined market caps100.0% RAIL

Performance

ORDORAIL

7 days+8.51%-12.20%ORDO
30 days-97.27%+3.85%RAIL

Correlation

-0.26over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	ORDO	RAIL
Max drawdown (400d)	-98.8%	-26.3%
Risk-adjusted return (90d)	-0.20	0.32

Relative strength over 90 days: RAIL outperformed ORDO by 98.8% — measured on the ORDO/RAIL ratio, so it holds regardless of market direction.

OrdoFi →Railgun →