SHOW (SHOW) and Ethereum (ETH) compared side by side. Their daily returns move closely in opposite directions (correlation -0.73 across 22 shared trading days). SHOW has been the more volatile of the two, at 1048% annualised against ETH's 62%.
SHOWETH
-0.73over 22 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 | SHOW | ETH |
|---|---|---|
| Max drawdown (400d) | -48.6% | -66.5% |
| Risk-adjusted return (90d) | 0.10 | 0.36 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: SHOW outperformed ETH by 137.6% — measured on the SHOW/ETH ratio, so it holds regardless of market direction.