Chainlink (LINK) is 359377.7× the size of Sync Network (SYNC) by market capitalisation. Their daily returns move closely together (correlation 0.70 across 91 shared trading days). SYNC has been the more volatile of the two, at 133% annualised against LINK's 71%.
SYNCLINK
0.70over 91 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 | SYNC | LINK |
|---|---|---|
| Max drawdown (400d) | -87.6% | -69.2% |
| Risk-adjusted return (90d) | -0.62 | 0.40 |
| Best 30 days (past year) | — | +61.6% |
| Worst 30 days (past year) | — | -43.6% |
Relative strength over 90 days: LINK outperformed SYNC by 66.9% — measured on the SYNC/LINK ratio, so it holds regardless of market direction.