Ethereum (ETH) is 627456.5× the size of Zcash Shielded Assets (STAMP) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 28 shared trading days). STAMP has been the more volatile of the two, at 308% annualised against ETH's 62%.
$0.000460
STAMPETH
0.26over 28 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 | STAMP | ETH |
|---|---|---|
| Max drawdown (400d) | -57.8% | -66.5% |
| Risk-adjusted return (90d) | 0.05 | 0.43 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: STAMP outperformed ETH by 31.8% — measured on the STAMP/ETH ratio, so it holds regardless of market direction.