Filecoin (FIL) is 21457.7× the size of FalkorDB (FLKR) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.08 across 36 shared trading days). FIL has been the more volatile of the two, at 125% annualised against FLKR's 42%.
FLKRFIL
-0.08over 36 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 | FLKR | FIL |
|---|---|---|
| Max drawdown (400d) | -13.0% | -81.4% |
| Risk-adjusted return (90d) | -0.02 | 0.14 |
| Best 30 days (past year) | — | +66.2% |
| Worst 30 days (past year) | — | -57.1% |
Relative strength over 90 days: FLKR outperformed FIL by 28.4% — measured on the FLKR/FIL ratio, so it holds regardless of market direction.