Auki (AUKI) is 6.8× the size of Edge (EDGE) by market capitalisation. Over the past 30 days, EDGE is ahead by 20.3 percentage points (EDGE +61.2% against AUKI +40.9%). Their daily returns move loosely in opposite directions (correlation -0.50 across 39 shared trading days). Both have run at a similar volatility, around 197% annualised.
EDGEAUKI
-0.50over 39 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 | EDGE | AUKI |
|---|---|---|
| Max drawdown (400d) | -17.6% | -46.0% |
| Risk-adjusted return (90d) | 0.34 | 0.11 |
Relative strength over 90 days: EDGE outperformed AUKI by 40.0% — measured on the EDGE/AUKI ratio, so it holds regardless of market direction.