OKB (OKB) is 16348.8× the size of DEW (DEW) by market capitalisation. Over the past 30 days, OKB is ahead by 28.2 percentage points (DEW -30.7% against OKB -2.5%). Their daily returns move barely together (correlation 0.11 across 24 shared trading days). Both have run at a similar volatility, around 54% annualised.
DEWOKB
0.11over 24 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 | DEW | OKB |
|---|---|---|
| Max drawdown (400d) | -36.5% | -12.2% |
| Risk-adjusted return (90d) | -0.61 | 0.11 |
Relative strength over 90 days: OKB outperformed DEW by 13.8% — measured on the DEW/OKB ratio, so it holds regardless of market direction.