Kaspa (KAS) is 222.2× the size of Obyte (GBYTE) by market capitalisation. Over the past 30 days, KAS is ahead by 17.7 percentage points (GBYTE -27.8% against KAS -10.1%). Their daily returns move loosely together (correlation 0.39 across 26 shared trading days). Both have run at a similar volatility, around 101% annualised.
GBYTEKAS
0.39over 26 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 | GBYTE | KAS |
|---|---|---|
| Max drawdown (400d) | -33.1% | -34.1% |
| Risk-adjusted return (90d) | -0.30 | 0.17 |
Relative strength over 90 days: KAS outperformed GBYTE by 36.6% — measured on the GBYTE/KAS ratio, so it holds regardless of market direction.