Ethereum Name Service (ENS) is 71.8× the size of RARI (RARI) by market capitalisation. Over the past 1 year, ENS is ahead by 21.8 percentage points (RARI -85.5% against ENS -63.7%). Their daily returns move barely together (correlation 0.17 across 373 shared trading days). RARI has been the more volatile of the two, at 175% annualised against ENS's 82%.
RARIENS
0.17over 373 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 | RARI | ENS |
|---|---|---|
| Max drawdown (400d) | -91.3% | -82.4% |
| Risk-adjusted return (90d) | 0.18 | 0.17 |
| Best 30 days (past year) | +74.0% | +48.0% |
| Worst 30 days (past year) | -55.8% | -51.6% |
Relative strength over 90 days: RARI outperformed ENS by 9.4% — measured on the RARI/ENS ratio, so it holds regardless of market direction.