Zelwin (ZLW) and Cookie DAO (COOKIE) compared side by side. Over the past 1 year, ZLW is ahead by 5.4 percentage points (ZLW -82.9% against COOKIE -88.3%). Their daily returns move barely together (correlation 0.05 across 363 shared trading days). COOKIE has been the more volatile of the two, at 118% annualised against ZLW's 99%.
ZLWCOOKIE
0.05over 363 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 | ZLW | COOKIE |
|---|---|---|
| Max drawdown (400d) | -84.7% | -94.4% |
| Risk-adjusted return (90d) | -0.44 | 0.00 |
| Best 30 days (past year) | — | +69.3% |
| Worst 30 days (past year) | — | -61.7% |
Relative strength over 90 days: COOKIE outperformed ZLW by 83.1% — measured on the ZLW/COOKIE ratio, so it holds regardless of market direction.