TrueFi vs Zebec Network

Zebec Network (ZBCN) is 205.6× the size of TrueFi (TRU) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 22 shared trading days). TRU has been the more volatile of the two, at 168% annualised against ZBCN's 106%.

Correlation: 0.10
Size ratio: 1 : 205.6

TrueFiTRU

$0.002300

24h: +4.43%
Market cap: $965,835
Volume 24h: $2,699
Volatility (ann.): 168%

Zebec NetworkZBCN

$0.001985

24h: -0.66%
Market cap: $198.54M
Volume 24h: $8.43M
Volatility (ann.): 106%

TRU 0.5%Share of the two combined market caps99.5% ZBCN

Performance

TRUZBCN

7 days-5.57%-3.68%ZBCN
30 days-14.58%+11.12%ZBCN
90 days-84.68%——

Correlation

0.10over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	TRU	ZBCN
Max drawdown (400d)	-97.5%	-20.8%
Risk-adjusted return (90d)	-0.37	0.23

Relative strength over 90 days: ZBCN outperformed TRU by 7.7% — measured on the TRU/ZBCN ratio, so it holds regardless of market direction.

TrueFi →Zebec Network →