Prize Protocol vs MYRAD

Prize Protocol (PRIZE) is 284.4× the size of MYRAD (MYRAD) by market capitalisation. Over the past 30 days, PRIZE is ahead by 35.7 percentage points (PRIZE -9.7% against MYRAD -45.4%). Their daily returns move barely together (correlation 0.22 across 28 shared trading days). MYRAD has been the more volatile of the two, at 367% annualised against PRIZE's 83%.

Correlation: 0.22
Size ratio: 284.4×
Ahead over 30 days: PRIZE

Prize ProtocolPRIZE

$0.001059

24h: +2.00%
Market cap: $62.28M
Volume 24h: $78,778
Volatility (ann.): 83%

MYRADMYRAD

$0.000219

24h: -12.29%
Market cap: $219,016
Volume 24h: $6,601
Volatility (ann.): 367%

PRIZE 99.6%Share of the two combined market caps0.4% MYRAD

Performance

PRIZEMYRAD

7 days-7.70%-39.76%PRIZE
30 days-9.72%-45.42%PRIZE

Correlation

0.22over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	PRIZE	MYRAD
Max drawdown (400d)	-24.6%	-65.8%
Risk-adjusted return (90d)	0.11	-0.15

Relative strength over 90 days: PRIZE outperformed MYRAD by 96.9% — measured on the PRIZE/MYRAD ratio, so it holds regardless of market direction.

Prize Protocol →MYRAD →