Schrodinger (SGR) and Ethereum (ETH) compared side by side. Over the past 1 year, ETH is ahead by 0.8 percentage points (SGR -37.6% against ETH -36.9%). Their daily returns move barely in opposite directions (correlation -0.06 across 366 shared trading days). Both have run at a similar volatility, around 62% annualised.
SGRETH
-0.06over 366 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 | SGR | ETH |
|---|---|---|
| Max drawdown (400d) | -40.2% | -66.5% |
| Risk-adjusted return (90d) | -0.72 | 0.36 |
| Best 30 days (past year) | +30.7% | +34.1% |
| Worst 30 days (past year) | -32.4% | -44.6% |
Relative strength over 90 days: ETH outperformed SGR by 44.4% — measured on the SGR/ETH ratio, so it holds regardless of market direction.