Filecoin (FIL) is 434.7× the size of Orta Chain (ORTA) by market capitalisation. Their daily returns move barely together (correlation 0.30 across 274 shared trading days). ORTA has been the more volatile of the two, at 150% annualised against FIL's 125%.
ORTAFIL
0.30over 274 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 | ORTA | FIL |
|---|---|---|
| Max drawdown (400d) | -95.8% | -81.4% |
| Risk-adjusted return (90d) | -0.34 | 0.19 |
| Best 30 days (past year) | — | +66.2% |
| Worst 30 days (past year) | — | -57.1% |
Relative strength over 90 days: FIL outperformed ORTA by 52.9% — measured on the ORTA/FIL ratio, so it holds regardless of market direction.