Chainlink (LINK) is 44.9× the size of Zebec Network (ZBCN) by market capitalisation. Their daily returns move loosely together (correlation 0.49 across 58 shared trading days). ZBCN has been the more volatile of the two, at 105% annualised against LINK's 71%.
ZBCNLINK
0.49over 58 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 | ZBCN | LINK |
|---|---|---|
| Max drawdown (400d) | -20.8% | -69.2% |
| Risk-adjusted return (90d) | 0.24 | 0.53 |
| Best 30 days (past year) | — | +61.6% |
| Worst 30 days (past year) | — | -43.6% |
Relative strength over 90 days: ZBCN outperformed LINK by 4.0% — measured on the ZBCN/LINK ratio, so it holds regardless of market direction.