Quanto vs Lighter

Lighter (LIT) is 16980.2× the size of Quanto (QTO) by market capitalisation. Over the past 30 days, LIT is ahead by 7.2 percentage points (QTO -24.1% against LIT -16.9%). Their daily returns move barely together (correlation 0.20 across 35 shared trading days). LIT has been the more volatile of the two, at 118% annualised against QTO's 97%.

Correlation: 0.20
Size ratio: 1 : 16980.2
Ahead over 30 days: LIT

QuantoQTO

$5.138e-5

24h: +4.67%
Market cap: $49,505
Volume 24h: $69
Volatility (ann.): 97%

LighterLIT

$0.743000

24h: -2.93%
Market cap: $840.61M
Volume 24h: $110.72M
Volatility (ann.): 118%

QTO 0.0%Share of the two combined market caps100.0% LIT

Performance

QTOLIT

7 days-9.22%+13.99%LIT
30 days-24.12%-16.92%LIT

Correlation

0.20over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	QTO	LIT
Max drawdown (400d)	-28.4%	-42.9%
Risk-adjusted return (90d)	-0.23	-0.26

Relative strength over 90 days: LIT outperformed QTO by 11.9% — measured on the QTO/LIT ratio, so it holds regardless of market direction.

Quanto →Lighter →