Wormhole (W) is 1914.7× the size of Darwinia Commitment (KTON) by market capitalisation. Over the past 1 year, W is ahead by 7.4 percentage points (KTON -89.9% against W -82.5%). Their daily returns move barely together (correlation 0.29 across 373 shared trading days). KTON has been the more volatile of the two, at 115% annualised against W's 100%.
KTONW
0.29over 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 | W |
|---|---|---|
| Max drawdown (400d) | -92.3% | -94.0% |
| Risk-adjusted return (90d) | -0.47 | 0.23 |
| Best 30 days (past year) | +30.1% | +129.8% |
| Worst 30 days (past year) | -81.7% | -52.1% |
Relative strength over 90 days: W outperformed KTON by 82.3% — measured on the KTON/W ratio, so it holds regardless of market direction.