The Everlasting Parachain (ELP) and Ethereum (ETH) compared side by side. Over the past 1 year, ELP is ahead by 225.1 percentage points (ELP +198.8% against ETH -26.2%). Their daily returns move barely in opposite directions (correlation -0.20 across 373 shared trading days). ELP has been the more volatile of the two, at 2370% annualised against ETH's 62%.
ELPETH
-0.20over 373 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 | ELP | ETH |
|---|---|---|
| Max drawdown (400d) | -95.0% | -66.5% |
| Risk-adjusted return (90d) | 0.57 | 0.50 |
| Best 30 days (past year) | +2398.8% | +34.1% |
| Worst 30 days (past year) | -81.4% | -44.6% |
Relative strength over 90 days: ELP outperformed ETH by 1992.4% — measured on the ELP/ETH ratio, so it holds regardless of market direction.