Zelwin vs Adshares

Zelwin (ZLW) and Adshares (ADS) compared side by side. Their daily returns move barely in opposite directions (correlation -0.23 across 31 shared trading days). ZLW has been the more volatile of the two, at 99% annualised against ADS's 36%.

Correlation: -0.23

ZelwinZLW

$9.630e-5

24h: +2.82%
Market cap: —
Volume 24h: $1,424
Volatility (ann.): 99%

AdsharesADS

$0.436852

24h: -0.06%
Market cap: $16.93M
Volume 24h: $569,002
Volatility (ann.): 36%

ZLW 0.0%Share of the two combined market caps100.0% ADS

Performance

ZLWADS

7 days+0.07%-2.31%ZLW
30 days-59.91%-5.63%ADS
90 days-76.41%——
1 year-82.92%——

Correlation

-0.23over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	ZLW	ADS
Max drawdown (400d)	-84.7%	-12.0%
Risk-adjusted return (90d)	-0.44	-0.16

Relative strength over 90 days: ADS outperformed ZLW by 61.2% — measured on the ZLW/ADS ratio, so it holds regardless of market direction.

Zelwin →Adshares →