Ethereum (ETH) is 8253.4× the size of Zilliqa (ZIL) by market capitalisation. Over the past 1 year, ETH is ahead by 36.8 percentage points (ZIL -73.7% against ETH -36.9%). Their daily returns move loosely together (correlation 0.58 across 399 shared trading days). ZIL has been the more volatile of the two, at 90% annualised against ETH's 62%.
ZILETH
0.58over 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 | ZIL | ETH |
|---|---|---|
| Max drawdown (400d) | -84.2% | -66.5% |
| Risk-adjusted return (90d) | -0.34 | 0.36 |
| Best 30 days (past year) | +45.8% | +34.1% |
| Worst 30 days (past year) | -51.0% | -44.6% |
Relative strength over 90 days: ETH outperformed ZIL by 42.9% — measured on the ZIL/ETH ratio, so it holds regardless of market direction.