POL (ex-MATIC) (POL) is 255.6× the size of Zircuit (ZRC) by market capitalisation. Over the past 1 year, POL is ahead by 49.6 percentage points (ZRC -95.0% against POL -45.4%). Their daily returns move barely together (correlation 0.18 across 373 shared trading days). ZRC has been the more volatile of the two, at 159% annualised against POL's 74%.
ZRCPOL
0.18over 373 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 | ZRC | POL |
|---|---|---|
| Max drawdown (400d) | -96.7% | -72.6% |
| Risk-adjusted return (90d) | 0.05 | 0.28 |
| Best 30 days (past year) | +107.0% | +57.7% |
| Worst 30 days (past year) | -63.9% | -46.8% |
Relative strength over 90 days: POL outperformed ZRC by 4.2% — measured on the ZRC/POL ratio, so it holds regardless of market direction.