OKB (OKB) is 53.7× the size of Aztec (AZTEC) by market capitalisation. Over the past 30 days, AZTEC is ahead by 4.5 percentage points (AZTEC -0.2% against OKB -4.7%). Their daily returns move loosely together (correlation 0.51 across 48 shared trading days). AZTEC has been the more volatile of the two, at 97% annualised against OKB's 53%.
AZTECOKB
0.51over 48 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 | AZTEC | OKB |
|---|---|---|
| Max drawdown (400d) | -25.3% | -12.2% |
| Risk-adjusted return (90d) | 0.03 | 0.06 |
Relative strength over 90 days: OKB outperformed AZTEC by 1.0% — measured on the AZTEC/OKB ratio, so it holds regardless of market direction.