Kaspa (KAS) is 346936.6× the size of DiemLibre (DLB) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.57 across 37 shared trading days). DLB has been the more volatile of the two, at 2074% annualised against KAS's 106%.
DLBKAS
-0.57over 37 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 | DLB | KAS |
|---|---|---|
| Max drawdown (400d) | -98.1% | -34.1% |
| Risk-adjusted return (90d) | -0.01 | 0.21 |
Relative strength over 90 days: KAS outperformed DLB by 65.0% — measured on the DLB/KAS ratio, so it holds regardless of market direction.