EigenCloud (prev. EigenLayer) (EIGEN) is 307.2× the size of RSS3 (RSS3) by market capitalisation. Over the past 1 year, EIGEN is ahead by 22.8 percentage points (RSS3 -98.4% against EIGEN -75.6%). Their daily returns move barely together (correlation 0.29 across 369 shared trading days). RSS3 has been the more volatile of the two, at 179% annualised against EIGEN's 107%.
$0.183700
RSS3EIGEN
0.29over 369 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 | RSS3 | EIGEN |
|---|---|---|
| Max drawdown (400d) | -98.4% | -92.3% |
| Risk-adjusted return (90d) | -0.38 | 0.02 |
| Best 30 days (past year) | +148.6% | +46.0% |
| Worst 30 days (past year) | -89.2% | -55.2% |
Relative strength over 90 days: EIGEN outperformed RSS3 by 86.0% — measured on the RSS3/EIGEN ratio, so it holds regardless of market direction.