Ethereum Name Service (ENS) is 509.6× the size of myDid (SYL) by market capitalisation. Over the past 1 year, ENS is ahead by 1.9 percentage points (SYL -65.6% against ENS -63.7%). Their daily returns move loosely together (correlation 0.54 across 373 shared trading days). Both have run at a similar volatility, around 84% annualised.
SYLENS
0.54over 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 | SYL | ENS |
|---|---|---|
| Max drawdown (400d) | -79.0% | -82.4% |
| Risk-adjusted return (90d) | 0.67 | 0.17 |
| Best 30 days (past year) | +114.5% | +48.0% |
| Worst 30 days (past year) | -61.8% | -51.6% |
Relative strength over 90 days: SYL outperformed ENS by 34.3% — measured on the SYL/ENS ratio, so it holds regardless of market direction.