FLOKI (FLOKI) is 6727.3× the size of AIVeronica by Virtuals (AIV) by market capitalisation. Their daily returns move loosely together (correlation 0.57 across 184 shared trading days). AIV has been the more volatile of the two, at 118% annualised against FLOKI's 89%.
AIVFLOKI
0.57over 184 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 | AIV | FLOKI |
|---|---|---|
| Max drawdown (400d) | -44.4% | -80.7% |
| Risk-adjusted return (90d) | -0.04 | 0.01 |
| Best 30 days (past year) | — | +35.0% |
| Worst 30 days (past year) | — | -50.0% |
Relative strength over 90 days: AIV outperformed FLOKI by 15.4% — measured on the AIV/FLOKI ratio, so it holds regardless of market direction.