Zcash (ZEC) is 3.1× the size of Cardano (ADA) by market capitalisation. Over the past 1 year, ZEC is ahead by 246.6 percentage points (ZEC +181.0% against ADA -65.6%). Their daily returns move loosely together (correlation 0.43 across 399 shared trading days). ZEC has been the more volatile of the two, at 149% annualised against ADA's 78%.
ZECADA
0.43over 399 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 | ZEC | ADA |
|---|---|---|
| Max drawdown (400d) | -71.8% | -83.5% |
| Risk-adjusted return (90d) | 1.06 | -0.01 |
| Best 30 days (past year) | +188.2% | +38.4% |
| Worst 30 days (past year) | -59.2% | -42.7% |
Relative strength over 90 days: ZEC outperformed ADA by 139.5% — measured on the ZEC/ADA ratio, so it holds regardless of market direction.