Altcoinist Token (ALTT) is 5.2× the size of AIXDROP (AIXDROP) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 39 shared trading days). AIXDROP has been the more volatile of the two, at 301% annualised against ALTT's 177%.
AIXDROPALTT
0.18over 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 | AIXDROP | ALTT |
|---|---|---|
| Max drawdown (400d) | -96.3% | -65.8% |
| Risk-adjusted return (90d) | -0.47 | -0.36 |
Relative strength over 90 days: ALTT outperformed AIXDROP by 16.6% — measured on the AIXDROP/ALTT ratio, so it holds regardless of market direction.