PALCOIN Ventures (PALCOIN) and Ethereum (ETH) compared side by side. Their daily returns move barely together (correlation 0.01 across 57 shared trading days). PALCOIN has been the more volatile of the two, at 451% annualised against ETH's 62%.
PALCOINETH
0.01over 57 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 | PALCOIN | ETH |
|---|---|---|
| Max drawdown (400d) | -96.6% | -66.5% |
| Risk-adjusted return (90d) | -0.19 | 0.36 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: ETH outperformed PALCOIN by 91.5% — measured on the PALCOIN/ETH ratio, so it holds regardless of market direction.