LayerZero (ZRO) is 11990.9× the size of Unit0 (UNIT0) by market capitalisation. Over the past 1 year, ZRO is ahead by 129.1 percentage points (UNIT0 -99.3% against ZRO +29.8%). Their daily returns move barely together (correlation 0.10 across 363 shared trading days). UNIT0 has been the more volatile of the two, at 125% annualised against ZRO's 103%.
UNIT0ZRO
0.10over 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 | UNIT0 | ZRO |
|---|---|---|
| Max drawdown (400d) | -99.4% | -70.5% |
| Risk-adjusted return (90d) | -0.78 | 1.07 |
| Best 30 days (past year) | — | +115.2% |
| Worst 30 days (past year) | — | -47.3% |
Relative strength over 90 days: ZRO outperformed UNIT0 by 91.8% — measured on the UNIT0/ZRO ratio, so it holds regardless of market direction.