Zeta vs Lighter

Lighter (LIT) is 3855.0× the size of Zeta (ZEX) by market capitalisation. Over the past 30 days, ZEX is ahead by 25.9 percentage points (ZEX +9.0% against LIT -16.9%). Their daily returns move barely in opposite directions (correlation -0.09 across 35 shared trading days). ZEX has been the more volatile of the two, at 276% annualised against LIT's 118%.

Correlation: -0.09
Size ratio: 1 : 3855.0
Ahead over 30 days: ZEX

ZetaZEX

$0.001159

24h: +32.54%
Market cap: $217,536
Volume 24h: $965
Volatility (ann.): 276%

LighterLIT

$0.743000

24h: -2.61%
Market cap: $838.59M
Volume 24h: $104.16M
Volatility (ann.): 118%

ZEX 0.0%Share of the two combined market caps100.0% LIT

Performance

ZEXLIT

7 days-7.47%+13.99%LIT
30 days+8.97%-16.92%ZEX

Correlation

-0.09over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	ZEX	LIT
Max drawdown (400d)	-47.9%	-42.9%
Risk-adjusted return (90d)	0.02	-0.26

Relative strength over 90 days: ZEX outperformed LIT by 20.3% — measured on the ZEX/LIT ratio, so it holds regardless of market direction.

Zeta →Lighter →