SmartWorld Global Token (SWGT) and Ethereum (ETH) compared side by side. Over the past 1 year, ETH is ahead by 49.8 percentage points (SWGT -86.6% against ETH -36.9%). Their daily returns move barely together (correlation 0.16 across 369 shared trading days). SWGT has been the more volatile of the two, at 327% annualised against ETH's 62%.
SWGTETH
0.16over 369 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 | SWGT | ETH |
|---|---|---|
| Max drawdown (400d) | -96.2% | -66.5% |
| Risk-adjusted return (90d) | 0.04 | 0.36 |
| Best 30 days (past year) | +73.8% | +34.1% |
| Worst 30 days (past year) | -59.0% | -44.6% |
Relative strength over 90 days: SWGT outperformed ETH by 2.5% — measured on the SWGT/ETH ratio, so it holds regardless of market direction.