OriginTrail (TRAC) is 11968.0× the size of AthenaX9 (AIX9) by market capitalisation. Their daily returns move loosely together (correlation 0.43 across 37 shared trading days). AIX9 has been the more volatile of the two, at 201% annualised against TRAC's 104%.
AIX9TRAC
0.43over 37 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 | AIX9 | TRAC |
|---|---|---|
| Max drawdown (400d) | -97.3% | -25.0% |
| Risk-adjusted return (90d) | -0.21 | 0.24 |
Relative strength over 90 days: TRAC outperformed AIX9 by 71.8% — measured on the AIX9/TRAC ratio, so it holds regardless of market direction.