APX vs Ondo

APX (APX) and Ondo (ONDO) compared side by side. Their daily returns move barely together (correlation 0.18 across 34 shared trading days). ONDO has been the more volatile of the two, at 95% annualised against APX's 31%.

Correlation: 0.18

APXAPX

$0.215590

24h: +0.44%
Market cap: —
Volume 24h: $462
Volatility (ann.): 31%

OndoONDO

$0.410000

24h: +5.27%
Market cap: $1.99B
Volume 24h: $145.07M
Volatility (ann.): 95%

APX 0.0%Share of the two combined market caps100.0% ONDO

Performance

APXONDO

7 days-2.26%-7.27%APX
30 days-3.33%-21.72%APX
90 days—+4.39%—
1 year—-36.54%—

Correlation

0.18over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	APX	ONDO
Max drawdown (400d)	-6.3%	-76.6%
Risk-adjusted return (90d)	-0.10	0.04
Best 30 days (past year)	—	+76.6%
Worst 30 days (past year)	—	-50.8%

Relative strength over 90 days: APX outperformed ONDO by 23.6% — measured on the APX/ONDO ratio, so it holds regardless of market direction.

APX →Ondo →