Immutable (IMX) is 93.5× the size of GameFi.org (GAFI) by market capitalisation. Over the past 1 year, IMX is ahead by 20.0 percentage points (GAFI -93.3% against IMX -73.3%). Their daily returns move loosely together (correlation 0.48 across 373 shared trading days). IMX has been the more volatile of the two, at 90% annualised against GAFI's 72%.
GAFIIMX
0.48over 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 | GAFI | IMX |
|---|---|---|
| Max drawdown (400d) | -94.8% | -87.2% |
| Risk-adjusted return (90d) | -0.21 | 0.08 |
| Best 30 days (past year) | +39.4% | +67.7% |
| Worst 30 days (past year) | -60.5% | -50.4% |
Relative strength over 90 days: IMX outperformed GAFI by 2.6% — measured on the GAFI/IMX ratio, so it holds regardless of market direction.