FLOKI (FLOKI) is 4337.4× the size of Fishwar (FISHW) by market capitalisation. Over the past 1 year, FLOKI is ahead by 27.6 percentage points (FISHW -92.6% against FLOKI -64.9%). Their daily returns move barely together (correlation 0.14 across 362 shared trading days). FISHW has been the more volatile of the two, at 139% annualised against FLOKI's 89%.
FISHWFLOKI
0.14over 362 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 | FISHW | FLOKI |
|---|---|---|
| Max drawdown (400d) | -93.0% | -80.7% |
| Risk-adjusted return (90d) | -0.44 | 0.01 |
| Best 30 days (past year) | — | +35.0% |
| Worst 30 days (past year) | — | -50.0% |
Relative strength over 90 days: FLOKI outperformed FISHW by 45.4% — measured on the FISHW/FLOKI ratio, so it holds regardless of market direction.