Starknet (STRK) is 13.1× the size of Cartesi (CTSI) by market capitalisation. Over the past 1 year, CTSI is ahead by 19.5 percentage points (CTSI -40.4% against STRK -59.8%). Their daily returns move barely together (correlation 0.29 across 399 shared trading days). STRK has been the more volatile of the two, at 143% annualised against CTSI's 120%.
CTSISTRK
0.29over 399 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 | CTSI | STRK |
|---|---|---|
| Max drawdown (400d) | -73.4% | -91.0% |
| Risk-adjusted return (90d) | 0.20 | 0.33 |
| Best 30 days (past year) | +75.0% | +329.9% |
| Worst 30 days (past year) | -35.9% | -66.4% |
Relative strength over 90 days: STRK outperformed CTSI by 25.8% — measured on the CTSI/STRK ratio, so it holds regardless of market direction.