Immutable (IMX) is 57.9× the size of GAMEE (GMEE) by market capitalisation. Over the past 1 year, GMEE is ahead by 2.6 percentage points (GMEE -70.8% against IMX -73.3%). Their daily returns move barely together (correlation 0.24 across 370 shared trading days). GMEE has been the more volatile of the two, at 199% annualised against IMX's 90%.
GMEEIMX
0.24over 370 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 | GMEE | IMX |
|---|---|---|
| Max drawdown (400d) | -84.7% | -87.2% |
| Risk-adjusted return (90d) | -0.34 | 0.08 |
| Best 30 days (past year) | +197.6% | +67.7% |
| Worst 30 days (past year) | -72.5% | -50.4% |
Relative strength over 90 days: IMX outperformed GMEE by 17.1% — measured on the GMEE/IMX ratio, so it holds regardless of market direction.