Ethereum (ETH) is 12264549.9× the size of Parasol Finance (PSOL) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 103 shared trading days). ETH has been the more volatile of the two, at 62% annualised against PSOL's 9%.
PSOLETH
0.17over 103 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 | PSOL | ETH |
|---|---|---|
| Max drawdown (400d) | -5.2% | -66.5% |
| Risk-adjusted return (90d) | -0.13 | 0.50 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: PSOL outperformed ETH by 17.8% — measured on the PSOL/ETH ratio, so it holds regardless of market direction.