Bifrost vs Kinetiq

Kinetiq (KNTQ) is 5.2× the size of Bifrost (BFC) by market capitalisation. Over the past 30 days, KNTQ is ahead by 185.6 percentage points (BFC -35.5% against KNTQ +150.1%). Their daily returns move barely in opposite directions (correlation -0.12 across 51 shared trading days). BFC has been the more volatile of the two, at 719% annualised against KNTQ's 201%.

Correlation: -0.12
Size ratio: 1 : 5.2
Ahead over 30 days: KNTQ

BifrostBFC

$0.021886

24h: -0.32%
Market cap: $30.45M
Volume 24h: $3.16M
Volatility (ann.): 719%

KinetiqKNTQ

$0.498800

24h: +1.44%
Market cap: $159.43M
Volume 24h: $7.46M
Volatility (ann.): 201%

BFC 16.0%Share of the two combined market caps84.0% KNTQ

Performance

BFCKNTQ

7 days+1.14%+23.74%KNTQ
30 days-35.49%+150.06%KNTQ

Correlation

-0.12over 51 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	BFC	KNTQ
Max drawdown (400d)	-47.2%	-24.5%
Risk-adjusted return (90d)	0.18	1.26

Relative strength over 90 days: KNTQ outperformed BFC by 29.3% — measured on the BFC/KNTQ ratio, so it holds regardless of market direction.

Bifrost →Kinetiq →