Injective (INJ) is 59.9× the size of Realio Network Token (RIO) by market capitalisation. Over the past 1 year, INJ is ahead by 92.6 percentage points (RIO -85.1% against INJ +7.5%). Their daily returns move loosely together (correlation 0.39 across 373 shared trading days). RIO has been the more volatile of the two, at 143% annualised against INJ's 100%.
RIOINJ
0.39over 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 | RIO | INJ |
|---|---|---|
| Max drawdown (400d) | -90.3% | -79.5% |
| Risk-adjusted return (90d) | 0.18 | 0.46 |
| Best 30 days (past year) | +230.1% | +92.8% |
| Worst 30 days (past year) | -71.7% | -46.8% |
Relative strength over 90 days: INJ outperformed RIO by 11.7% — measured on the RIO/INJ ratio, so it holds regardless of market direction.