FLOKI (FLOKI) is 4.4× the size of Enjin Coin (ENJ) by market capitalisation. Over the past 1 year, ENJ is ahead by 25.3 percentage points (ENJ -34.8% against FLOKI -60.1%). Their daily returns move loosely together (correlation 0.42 across 399 shared trading days). ENJ has been the more volatile of the two, at 115% annualised against FLOKI's 89%.
ENJFLOKI
0.42over 399 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 | ENJ | FLOKI |
|---|---|---|
| Max drawdown (400d) | -73.9% | -80.7% |
| Risk-adjusted return (90d) | -0.04 | 0.09 |
| Best 30 days (past year) | +365.5% | +35.0% |
| Worst 30 days (past year) | -51.0% | -50.0% |
Relative strength over 90 days: FLOKI outperformed ENJ by 10.0% — measured on the ENJ/FLOKI ratio, so it holds regardless of market direction.