The Graph (GRT) is 14.2× the size of dKargo (DKA) by market capitalisation. Over the past 1 year, GRT is ahead by 10.7 percentage points (DKA -76.1% against GRT -65.4%). Their daily returns move loosely together (correlation 0.39 across 365 shared trading days). Both have run at a similar volatility, around 89% annualised.
DKAGRT
0.39over 365 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 | DKA | GRT |
|---|---|---|
| Max drawdown (400d) | -76.7% | -85.1% |
| Risk-adjusted return (90d) | -0.30 | 0.30 |
| Best 30 days (past year) | — | +115.0% |
| Worst 30 days (past year) | — | -41.8% |
Relative strength over 90 days: GRT outperformed DKA by 31.5% — measured on the DKA/GRT ratio, so it holds regardless of market direction.