Canton (CC) is 69.2× the size of Zano (ZANO) by market capitalisation. Over the past 30 days, CC is ahead by 37.8 percentage points (ZANO -38.3% against CC -0.5%). Their daily returns move barely together (correlation 0.17 across 54 shared trading days). Both have run at a similar volatility, around 121% annualised.
ZANOCC
0.17over 54 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 | ZANO | CC |
|---|---|---|
| Max drawdown (400d) | -61.7% | -30.6% |
| Risk-adjusted return (90d) | -0.49 | 0.01 |
Relative strength over 90 days: CC outperformed ZANO by 59.7% — measured on the ZANO/CC ratio, so it holds regardless of market direction.