Espresso (ESP) is 112.5× the size of Sentio Token (ST) by market capitalisation. Their daily returns move barely together (correlation 0.27 across 38 shared trading days). ESP has been the more volatile of the two, at 162% annualised against ST's 63%.
STESP
0.27over 38 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 | ST | ESP |
|---|---|---|
| Max drawdown (400d) | -29.6% | -67.9% |
| Risk-adjusted return (90d) | -0.40 | 0.34 |
Relative strength over 90 days: ESP outperformed ST by 20.9% — measured on the ST/ESP ratio, so it holds regardless of market direction.