Kite (KITE) is 38712.3× the size of AAAI_agent by Virtuals (AAAI) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 183 shared trading days). AAAI has been the more volatile of the two, at 175% annualised against KITE's 121%.
AAAIKITE
0.08over 183 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 | AAAI | KITE |
|---|---|---|
| Max drawdown (400d) | -67.1% | -69.5% |
| Risk-adjusted return (90d) | -0.25 | 0.13 |
| Best 30 days (past year) | — | +151.2% |
| Worst 30 days (past year) | — | -55.6% |
Relative strength over 90 days: AAAI outperformed KITE by 23.5% — measured on the AAAI/KITE ratio, so it holds regardless of market direction.