EigenCloud (prev. EigenLayer) (EIGEN) is 119.3× the size of Vanar (VANRY) by market capitalisation. Over the past 1 year, EIGEN is ahead by 22.0 percentage points (VANRY -98.4% against EIGEN -76.4%). Their daily returns move barely together (correlation 0.32 across 354 shared trading days). VANRY has been the more volatile of the two, at 131% annualised against EIGEN's 109%.
$0.186400
VANRYEIGEN
0.32over 354 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 | VANRY | EIGEN |
|---|---|---|
| Max drawdown (400d) | -98.5% | -92.3% |
| Risk-adjusted return (90d) | -0.46 | -0.02 |
| Best 30 days (past year) | — | +46.0% |
| Worst 30 days (past year) | — | -55.2% |
Relative strength over 90 days: EIGEN outperformed VANRY by 80.8% — measured on the VANRY/EIGEN ratio, so it holds regardless of market direction.