Prize Protocol vs GAL (migrated to Gravity - G)

Prize Protocol (PRIZE) is 1.0× the size of GAL (migrated to Gravity - G) (GAL) by market capitalisation. Over the past 30 days, PRIZE is ahead by 7.7 percentage points (PRIZE -9.7% against GAL -17.4%). Their daily returns move barely in opposite directions (correlation -0.03 across 22 shared trading days). GAL has been the more volatile of the two, at 432% annualised against PRIZE's 83%.

Correlation: -0.03
Size ratio: 1.0×
Ahead over 30 days: PRIZE

Prize ProtocolPRIZE

$0.001059

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

GAL (migrated to Gravity - G)GAL

$2.5420

24h: +3.08%
Market cap: $61.75M
Volume 24h: $14
Volatility (ann.): 432%

PRIZE 50.2%Share of the two combined market caps49.8% GAL

Performance

PRIZEGAL

7 days-7.70%-8.87%PRIZE
30 days-9.72%-17.38%PRIZE

Correlation

-0.03over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	GAL
Max drawdown (400d)	-24.6%	-64.9%
Risk-adjusted return (90d)	0.11	-0.05

Relative strength over 90 days: GAL outperformed PRIZE by 2.0% — measured on the PRIZE/GAL ratio, so it holds regardless of market direction.

Prize Protocol →GAL (migrated to Gravity - G) →