Octra (OCT) is 6.7× the size of 0x0 (0X0) by market capitalisation. Over the past 30 days, 0X0 is ahead by 13.7 percentage points (0X0 -16.9% against OCT -30.6%). Their daily returns move loosely together (correlation 0.46 across 39 shared trading days). OCT has been the more volatile of the two, at 193% annualised against 0X0's 66%.
0X0OCT
0.46over 39 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 | 0X0 | OCT |
|---|---|---|
| Max drawdown (400d) | -23.9% | -48.4% |
| Risk-adjusted return (90d) | -0.29 | -0.02 |
Relative strength over 90 days: OCT outperformed 0X0 by 11.1% — measured on the 0X0/OCT ratio, so it holds regardless of market direction.