Solana (SOL) is 200513.0× the size of 0xBitcoin (0XBTC) by market capitalisation. Their daily returns move barely together (correlation 0.32 across 32 shared trading days). 0XBTC has been the more volatile of the two, at 77% annualised against SOL's 65%.
0XBTCSOL
0.32over 32 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 | 0XBTC | SOL |
|---|---|---|
| Max drawdown (400d) | -28.2% | -73.5% |
| Risk-adjusted return (90d) | -0.29 | 0.54 |
| Best 30 days (past year) | — | +47.8% |
| Worst 30 days (past year) | — | -46.1% |
Relative strength over 90 days: SOL outperformed 0XBTC by 3.7% — measured on the 0XBTC/SOL ratio, so it holds regardless of market direction.