NEAR Protocol (NEAR) is 981.2× the size of Particle Network (PARTI) by market capitalisation. Over the past 1 year, NEAR is ahead by 125.1 percentage points (PARTI -24.7% against NEAR +100.4%). Their daily returns move barely together (correlation 0.15 across 399 shared trading days). PARTI has been the more volatile of the two, at 166% annualised against NEAR's 108%.
PARTINEAR
0.15over 399 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 | PARTI | NEAR |
|---|---|---|
| Max drawdown (400d) | -85.2% | -68.7% |
| Risk-adjusted return (90d) | 0.57 | 0.98 |
| Best 30 days (past year) | +130.9% | +195.3% |
| Worst 30 days (past year) | -59.3% | -48.1% |
Relative strength over 90 days: NEAR outperformed PARTI by 19.2% — measured on the PARTI/NEAR ratio, so it holds regardless of market direction.