Ethereum (ETH) is 7210.3× the size of τemplar (SN3) by market capitalisation. Their daily returns move loosely together (correlation 0.51 across 30 shared trading days). SN3 has been the more volatile of the two, at 119% annualised against ETH's 65%.
| Period | SN3 | ETH | Ahead |
|---|---|---|---|
| 7 days | +16.94% | +4.23% | SN3 |
| 30 days | +35.81% | +13.15% | SN3 |
| 90 days | — | +54.23% | — |
| 1 year | — | -41.08% | — |
| Metric | SN3 | ETH |
|---|---|---|
| Max drawdown (400d) | -17.6% | -67.5% |
| Risk-adjusted return (90d) | 0.30 | 0.97 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: SN3 outperformed ETH by 34.3% — measured on the SN3/ETH ratio, so it holds regardless of market direction.
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.