Akedo (AKE) is 46.2× the size of ARC (ARC) by market capitalisation. Over the past 30 days, ARC is ahead by 92.3 percentage points (ARC +16.9% against AKE -75.4%). Their daily returns move barely together (correlation 0.24 across 30 shared trading days). AKE has been the more volatile of the two, at 452% annualised against ARC's 343%.
ARCAKE
0.24over 30 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 | ARC | AKE |
|---|---|---|
| Max drawdown (400d) | -68.1% | -89.7% |
| Risk-adjusted return (90d) | 0.08 | -0.13 |
Relative strength over 90 days: ARC outperformed AKE by 148.9% — measured on the ARC/AKE ratio, so it holds regardless of market direction.