Dolphin (POD) is 478.8× the size of Sui DePIN (SUIDEPIN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.23 across 32 shared trading days). POD has been the more volatile of the two, at 262% annualised against SUIDEPIN's 28%.
SUIDEPINPOD
-0.23over 32 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 | SUIDEPIN | POD |
|---|---|---|
| Max drawdown (400d) | -11.1% | -44.0% |
| Risk-adjusted return (90d) | -0.22 | 0.03 |
Relative strength over 90 days: POD outperformed SUIDEPIN by 17.6% — measured on the SUIDEPIN/POD ratio, so it holds regardless of market direction.