Axie Infinity (AXS) is 276.9× the size of BLOCKLORDS (LRDS) by market capitalisation. Over the past 1 year, AXS is ahead by 59.3 percentage points (LRDS -91.8% against AXS -32.5%). Their daily returns move barely together (correlation 0.20 across 371 shared trading days). LRDS has been the more volatile of the two, at 160% annualised against AXS's 121%.
LRDSAXS
0.20over 371 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 | LRDS | AXS |
|---|---|---|
| Max drawdown (400d) | -91.8% | -72.0% |
| Risk-adjusted return (90d) | -0.46 | -0.04 |
| Best 30 days (past year) | +112.9% | +248.7% |
| Worst 30 days (past year) | -57.2% | -55.5% |
Relative strength over 90 days: AXS outperformed LRDS by 39.0% — measured on the LRDS/AXS ratio, so it holds regardless of market direction.