LayerZero (ZRO) is 25.3× the size of Sign (SIGN) by market capitalisation. Over the past 1 year, ZRO is ahead by 103.8 percentage points (SIGN -73.2% against ZRO +30.6%). Their daily returns move barely together (correlation 0.30 across 399 shared trading days). Both have run at a similar volatility, around 101% annualised.
SIGNZRO
0.30over 399 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 | SIGN | ZRO |
|---|---|---|
| Max drawdown (400d) | -90.6% | -70.5% |
| Risk-adjusted return (90d) | 0.72 | 1.23 |
| Best 30 days (past year) | +112.3% | +115.2% |
| Worst 30 days (past year) | -68.3% | -47.3% |
Relative strength over 90 days: ZRO outperformed SIGN by 38.3% — measured on the SIGN/ZRO ratio, so it holds regardless of market direction.