Ethereum (ETH) is 5496267.2× the size of Sedra Coin (SDR) by market capitalisation. Over the past 1 year, SDR is ahead by 37.2 percentage points (SDR +11.0% against ETH -26.2%). Their daily returns move barely in opposite directions (correlation -0.01 across 362 shared trading days). SDR has been the more volatile of the two, at 433% annualised against ETH's 62%.
SDRETH
-0.01over 362 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 | SDR | ETH |
|---|---|---|
| Max drawdown (400d) | -96.9% | -66.5% |
| Risk-adjusted return (90d) | 0.03 | 0.50 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: ETH outperformed SDR by 36.8% — measured on the SDR/ETH ratio, so it holds regardless of market direction.