Axelar (AXL) is 1252.0× the size of Darwinia Commitment (KTON) by market capitalisation. Over the past 1 year, AXL is ahead by 13.4 percentage points (KTON -89.9% against AXL -76.5%). Their daily returns move barely together (correlation 0.30 across 373 shared trading days). Both have run at a similar volatility, around 113% annualised.
KTONAXL
0.30over 373 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 | KTON | AXL |
|---|---|---|
| Max drawdown (400d) | -92.3% | -89.0% |
| Risk-adjusted return (90d) | -0.47 | 0.04 |
| Best 30 days (past year) | +30.1% | +84.5% |
| Worst 30 days (past year) | -81.7% | -49.8% |
Relative strength over 90 days: AXL outperformed KTON by 78.2% — measured on the KTON/AXL ratio, so it holds regardless of market direction.