Maple Finance (SYRUP) is 2.0× the size of Reserve Rights (RSR) by market capitalisation. Over the past 1 year, SYRUP is ahead by 9.4 percentage points (RSR -70.1% against SYRUP -60.7%). Their daily returns move loosely together (correlation 0.50 across 399 shared trading days). Both have run at a similar volatility, around 92% annualised.
RSRSYRUP
0.50over 399 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 | RSR | SYRUP |
|---|---|---|
| Max drawdown (400d) | -84.6% | -74.3% |
| Risk-adjusted return (90d) | 0.17 | 0.00 |
| Best 30 days (past year) | +50.2% | +52.7% |
| Worst 30 days (past year) | -50.1% | -49.6% |
Relative strength over 90 days: RSR outperformed SYRUP by 17.7% — measured on the RSR/SYRUP ratio, so it holds regardless of market direction.