Curve DAO (CRV) is 30.1× the size of Stargate Finance (STG) by market capitalisation. Over the past 1 year, STG is ahead by 13.5 percentage points (STG -25.7% against CRV -39.2%). Their daily returns move barely together (correlation 0.33 across 373 shared trading days). STG has been the more volatile of the two, at 155% annualised against CRV's 92%.
STGCRV
0.33over 373 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 | STG | CRV |
|---|---|---|
| Max drawdown (400d) | -81.6% | -76.8% |
| Risk-adjusted return (90d) | -0.05 | 0.27 |
| Best 30 days (past year) | +181.0% | +82.7% |
| Worst 30 days (past year) | -75.8% | -46.1% |
Relative strength over 90 days: CRV outperformed STG by 25.4% — measured on the STG/CRV ratio, so it holds regardless of market direction.