Axie Infinity (AXS) is 53.1× the size of Foxsy AI (FOXSY) by market capitalisation. Over the past 1 year, AXS is ahead by 10.6 percentage points (FOXSY -43.1% against AXS -32.5%). Their daily returns move barely together (correlation 0.23 across 373 shared trading days). AXS has been the more volatile of the two, at 121% annualised against FOXSY's 89%.
FOXSYAXS
0.23over 373 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 | FOXSY | AXS |
|---|---|---|
| Max drawdown (400d) | -69.3% | -72.0% |
| Risk-adjusted return (90d) | 0.33 | -0.04 |
| Best 30 days (past year) | +63.2% | +248.7% |
| Worst 30 days (past year) | -46.5% | -55.5% |
Relative strength over 90 days: FOXSY outperformed AXS by 63.7% — measured on the FOXSY/AXS ratio, so it holds regardless of market direction.