Ethereum (ETH) is 2733411.9× the size of Zaibot (ZAI) by market capitalisation. Their daily returns move closely together (correlation 0.73 across 26 shared trading days). ZAI has been the more volatile of the two, at 339% annualised against ETH's 62%.
ZAIETH
0.73over 26 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 | ZAI | ETH |
|---|---|---|
| Max drawdown (400d) | -69.1% | -66.5% |
| Risk-adjusted return (90d) | -0.09 | 0.50 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: ZAI outperformed ETH by 18.3% — measured on the ZAI/ETH ratio, so it holds regardless of market direction.