Internet Computer (ICP) is 370.8× the size of AstraAI (ASTRA) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.46 across 40 shared trading days). ASTRA has been the more volatile of the two, at 348% annualised against ICP's 108%.
ASTRAICP
-0.46over 40 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 | ASTRA | ICP |
|---|---|---|
| Max drawdown (400d) | -18.5% | -77.4% |
| Risk-adjusted return (90d) | 0.74 | 0.29 |
| Best 30 days (past year) | — | +49.6% |
| Worst 30 days (past year) | — | -62.1% |
Relative strength over 90 days: ASTRA outperformed ICP by 232.4% — measured on the ASTRA/ICP ratio, so it holds regardless of market direction.