NEAR Protocol (NEAR) is 773512.9× the size of Samsara.Build (SAMS) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 124 shared trading days). SAMS has been the more volatile of the two, at 133% annualised against NEAR's 108%.
SAMSNEAR
0.38over 124 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 | SAMS | NEAR |
|---|---|---|
| Max drawdown (400d) | -81.2% | -68.7% |
| Risk-adjusted return (90d) | -0.45 | 1.11 |
| Best 30 days (past year) | — | +195.3% |
| Worst 30 days (past year) | — | -48.1% |
Relative strength over 90 days: NEAR outperformed SAMS by 79.5% — measured on the SAMS/NEAR ratio, so it holds regardless of market direction.