NEAR Protocol (NEAR) is 997139.9× the size of zkRune (ZKRUNE) by market capitalisation. Their daily returns move closely together (correlation 0.63 across 25 shared trading days). NEAR has been the more volatile of the two, at 108% annualised against ZKRUNE's 75%.
ZKRUNENEAR
0.63over 25 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 | ZKRUNE | NEAR |
|---|---|---|
| Max drawdown (400d) | -42.8% | -68.7% |
| Risk-adjusted return (90d) | -0.57 | 1.11 |
| Best 30 days (past year) | — | +195.3% |
| Worst 30 days (past year) | — | -48.1% |
Relative strength over 90 days: NEAR outperformed ZKRUNE by 36.0% — measured on the ZKRUNE/NEAR ratio, so it holds regardless of market direction.