Litecoin (LTC) is 568.3× the size of Quai Network (QUAI) by market capitalisation. Over the past 1 year, LTC is ahead by 32.7 percentage points (QUAI -70.6% against LTC -37.9%). Their daily returns move barely together (correlation 0.26 across 364 shared trading days). QUAI has been the more volatile of the two, at 159% annualised against LTC's 62%.
QUAILTC
0.26over 364 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 | QUAI | LTC |
|---|---|---|
| Max drawdown (400d) | -93.6% | -67.5% |
| Risk-adjusted return (90d) | 0.05 | 0.32 |
| Best 30 days (past year) | — | +45.4% |
| Worst 30 days (past year) | — | -39.5% |
Relative strength over 90 days: LTC outperformed QUAI by 30.3% — measured on the QUAI/LTC ratio, so it holds regardless of market direction.