Polkadot (DOT) is 114.8× the size of Sapien (SAPIEN) by market capitalisation. Over the past 1 year, DOT is ahead by 21.8 percentage points (SAPIEN -85.5% against DOT -63.7%). Their daily returns move barely together (correlation 0.30 across 363 shared trading days). SAPIEN has been the more volatile of the two, at 125% annualised against DOT's 88%.
SAPIENDOT
0.30over 363 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 | SAPIEN | DOT |
|---|---|---|
| Max drawdown (400d) | -85.8% | -82.9% |
| Risk-adjusted return (90d) | -0.64 | 0.13 |
| Best 30 days (past year) | — | +55.9% |
| Worst 30 days (past year) | — | -44.2% |
Relative strength over 90 days: DOT outperformed SAPIEN by 43.4% — measured on the SAPIEN/DOT ratio, so it holds regardless of market direction.