Degen (DEGEN) is 5.1× the size of ZZZ (ZZZ) by market capitalisation. Over the past 30 days, DEGEN is ahead by 57.6 percentage points (ZZZ -75.4% against DEGEN -17.8%). Their daily returns move loosely together (correlation 0.36 across 30 shared trading days). ZZZ has been the more volatile of the two, at 518% annualised against DEGEN's 78%.
ZZZDEGEN
0.36over 30 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 | ZZZ | DEGEN |
|---|---|---|
| Max drawdown (400d) | -86.5% | -26.2% |
| Risk-adjusted return (90d) | -0.12 | -0.22 |
Relative strength over 90 days: DEGEN outperformed ZZZ by 50.7% — measured on the ZZZ/DEGEN ratio, so it holds regardless of market direction.