Nervos Network (CKB) is 1428.4× the size of Darwinia Commitment (KTON) by market capitalisation. Over the past 1 year, CKB is ahead by 24.3 percentage points (KTON -89.9% against CKB -65.6%). Their daily returns move barely together (correlation 0.30 across 373 shared trading days). KTON has been the more volatile of the two, at 115% annualised against CKB's 87%.
KTONCKB
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 | CKB |
|---|---|---|
| Max drawdown (400d) | -92.3% | -81.9% |
| Risk-adjusted return (90d) | -0.47 | 0.26 |
| Best 30 days (past year) | +30.1% | +82.6% |
| Worst 30 days (past year) | -81.7% | -43.7% |
Relative strength over 90 days: CKB outperformed KTON by 83.8% — measured on the KTON/CKB ratio, so it holds regardless of market direction.