0xMonk by Virtuals vs Akedo

Akedo (AKE) is 335.7× the size of 0xMonk by Virtuals (MONK) by market capitalisation. Their daily returns move barely together (correlation 0.35 across 31 shared trading days). AKE has been the more volatile of the two, at 457% annualised against MONK's 105%.

Correlation: 0.35
Size ratio: 1 : 335.7

0xMonk by VirtualsMONK

$0.000162

24h: +3.69%
Market cap: $162,305
Volume 24h: $8
Volatility (ann.): 105%

AkedoAKE

$0.002390

24h: -9.39%
Market cap: $54.48M
Volume 24h: $34.38M
Volatility (ann.): 457%

MONK 0.3%Share of the two combined market caps99.7% AKE

Performance

MONKAKE

7 days-25.94%-88.63%MONK
30 days-23.03%-83.17%MONK
90 days-23.89%——

Correlation

0.35over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	MONK	AKE
Max drawdown (400d)	-47.4%	-93.5%
Risk-adjusted return (90d)	-0.21	-0.16

Relative strength over 90 days: MONK outperformed AKE by 195.0% — measured on the MONK/AKE ratio, so it holds regardless of market direction.

0xMonk by Virtuals →Akedo →