Aipocalypto (AIPO) and Axie Infinity (AXS) compared side by side. Over the past 1 year, AXS is ahead by 42.2 percentage points (AIPO -74.7% against AXS -32.5%). Their daily returns move barely in opposite directions (correlation -0.04 across 363 shared trading days). AIPO has been the more volatile of the two, at 143% annualised against AXS's 121%.
AIPOAXS
-0.04over 363 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 | AIPO | AXS |
|---|---|---|
| Max drawdown (400d) | -93.7% | -72.0% |
| Risk-adjusted return (90d) | 0.78 | -0.04 |
| Best 30 days (past year) | — | +248.7% |
| Worst 30 days (past year) | — | -55.5% |
Relative strength over 90 days: AIPO outperformed AXS by 131.0% — measured on the AIPO/AXS ratio, so it holds regardless of market direction.