zkSealevel vs Railgun

Railgun (RAIL) is 17073.4× the size of zkSealevel (ZKSL) by market capitalisation. Over the past 30 days, RAIL is ahead by 43.5 percentage points (ZKSL -29.0% against RAIL +14.4%). Their daily returns move barely in opposite directions (correlation -0.01 across 21 shared trading days). RAIL has been the more volatile of the two, at 166% annualised against ZKSL's 45%.

Correlation: -0.01
Size ratio: 1 : 17073.4
Ahead over 30 days: RAIL

zkSealevelZKSL

$7.790e-6

24h: —
Market cap: $7,543
Volume 24h: —
Volatility (ann.): 45%

RailgunRAIL

$2.1500

24h: -6.91%
Market cap: $128.78M
Volume 24h: $99,049
Volatility (ann.): 166%

ZKSL 0.0%Share of the two combined market caps100.0% RAIL

Performance

ZKSLRAIL

7 days-5.30%+1.77%RAIL
30 days-29.03%+14.43%RAIL

Correlation

-0.01over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	ZKSL	RAIL
Max drawdown (400d)	-30.2%	-26.3%
Risk-adjusted return (90d)	-0.61	0.38

Relative strength over 90 days: ZKSL outperformed RAIL by 11.8% — measured on the ZKSL/RAIL ratio, so it holds regardless of market direction.

zkSealevel →Railgun →