Stacks (STX) is 14.8× the size of Celo (CELO) by market capitalisation. Over the past 1 year, STX is ahead by 67.3 percentage points (CELO -66.0% against STX +1.3%). Their daily returns move closely together (correlation 0.60 across 399 shared trading days). Both have run at a similar volatility, around 92% annualised.
CELOSTX
0.60over 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 | CELO | STX |
|---|---|---|
| Max drawdown (400d) | -86.2% | -80.9% |
| Risk-adjusted return (90d) | 0.29 | 1.48 |
| Best 30 days (past year) | +38.1% | +120.9% |
| Worst 30 days (past year) | -43.0% | -35.3% |
Relative strength over 90 days: STX outperformed CELO by 56.5% — measured on the CELO/STX ratio, so it holds regardless of market direction.