Ethereum Name Service (ENS) is 8654.0× the size of The Corgi of PolkaBridge (CORGIB) by market capitalisation. Their daily returns move closely together (correlation 0.73 across 36 shared trading days). ENS has been the more volatile of the two, at 83% annualised against CORGIB's 39%.
CORGIBENS
0.73over 36 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 | CORGIB | ENS |
|---|---|---|
| Max drawdown (400d) | -15.2% | -82.4% |
| Risk-adjusted return (90d) | -0.31 | 0.09 |
| Best 30 days (past year) | — | +48.0% |
| Worst 30 days (past year) | — | -51.6% |
Relative strength over 90 days: CORGIB outperformed ENS by 32.6% — measured on the CORGIB/ENS ratio, so it holds regardless of market direction.