Coupon Assets vs MiL.k

MiL.k (MLK) is 5.2× the size of Coupon Assets (CA) by market capitalisation. Over the past 30 days, CA is ahead by 8.5 percentage points (CA +11.7% against MLK +3.2%). Their daily returns move loosely together (correlation 0.36 across 29 shared trading days). MLK has been the more volatile of the two, at 795% annualised against CA's 24%.

Correlation: 0.36
Size ratio: 1 : 5.2
Ahead over 30 days: CA

Coupon AssetsCA

$0.233172

24h: +0.33%
Market cap: $4.29M
Volume 24h: $876,555
Volatility (ann.): 24%

MiL.kMLK

$0.038382

24h: +1.40%
Market cap: $22.39M
Volume 24h: $1.79M
Volatility (ann.): 795%

CA 16.1%Share of the two combined market caps83.9% MLK

Performance

CAMLK

7 days-0.69%+7.97%MLK
30 days+11.73%+3.25%CA

Correlation

0.36over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: 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	CA	MLK
Max drawdown (400d)	-3.0%	-70.3%
Risk-adjusted return (90d)	0.49	0.01

Relative strength over 90 days: MLK outperformed CA by 12.2% — measured on the CA/MLK ratio, so it holds regardless of market direction.

Coupon Assets →MiL.k →