NEAR Protocol (NEAR) is 118.3× the size of Data Network (DATA) by market capitalisation. Their daily returns move very closely together (correlation 0.98 across 140 shared trading days). DATA has been the more volatile of the two, at 22027% annualised against NEAR's 108%.
DATANEAR
0.98over 140 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 | DATA | NEAR |
|---|---|---|
| Max drawdown (400d) | -93.3% | -68.7% |
| Risk-adjusted return (90d) | 0.06 | 0.98 |
| Best 30 days (past year) | — | +195.3% |
| Worst 30 days (past year) | — | -48.1% |
Relative strength over 90 days: DATA outperformed NEAR by 1010.9% — measured on the DATA/NEAR ratio, so it holds regardless of market direction.