Ethereum (ETH) is 730299.3× the size of Treecle (TRCL) by market capitalisation. Over the past 1 year, TRCL is ahead by 104.5 percentage points (TRCL +67.6% against ETH -36.9%). Their daily returns move barely together (correlation 0.14 across 363 shared trading days). TRCL has been the more volatile of the two, at 176% annualised against ETH's 62%.
TRCLETH
0.14over 363 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 | TRCL | ETH |
|---|---|---|
| Max drawdown (400d) | -68.1% | -66.5% |
| Risk-adjusted return (90d) | 0.81 | 0.36 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: TRCL outperformed ETH by 86.7% — measured on the TRCL/ETH ratio, so it holds regardless of market direction.