FLOKI (FLOKI) is 1296.8× the size of Dog Collar (COLLAR) by market capitalisation. Their daily returns move closely together (correlation 0.70 across 123 shared trading days). COLLAR has been the more volatile of the two, at 106% annualised against FLOKI's 89%.
COLLARFLOKI
0.70over 123 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 | COLLAR | FLOKI |
|---|---|---|
| Max drawdown (400d) | -71.8% | -80.7% |
| Risk-adjusted return (90d) | -0.30 | 0.01 |
| Best 30 days (past year) | — | +35.0% |
| Worst 30 days (past year) | — | -50.0% |
Relative strength over 90 days: COLLAR outperformed FLOKI by 20.9% — measured on the COLLAR/FLOKI ratio, so it holds regardless of market direction.