AntFun (ANTFUN) is 105.0× the size of AIXDROP (AIXDROP) by market capitalisation. Their daily returns move closely together (correlation 0.63 across 41 shared trading days). Both have run at a similar volatility, around 284% annualised.
AIXDROPANTFUN
0.63over 41 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 | ANTFUN |
|---|---|---|
| Max drawdown (400d) | -96.3% | -90.6% |
| Risk-adjusted return (90d) | -0.47 | -0.20 |
Relative strength over 90 days: ANTFUN outperformed AIXDROP by 52.7% — measured on the AIXDROP/ANTFUN ratio, so it holds regardless of market direction.