Chainlink (LINK) is 1692.5× the size of Supra (SUPRA) by market capitalisation. Over the past 1 year, LINK is ahead by 65.1 percentage points (SUPRA -92.8% against LINK -27.7%). Their daily returns move barely together (correlation 0.29 across 364 shared trading days). SUPRA has been the more volatile of the two, at 121% annualised against LINK's 71%.
SUPRALINK
0.29over 364 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 | SUPRA | LINK |
|---|---|---|
| Max drawdown (400d) | -93.7% | -69.2% |
| Risk-adjusted return (90d) | -0.28 | 0.47 |
| Best 30 days (past year) | — | +61.6% |
| Worst 30 days (past year) | — | -43.6% |
Relative strength over 90 days: LINK outperformed SUPRA by 63.2% — measured on the SUPRA/LINK ratio, so it holds regardless of market direction.