OKB (OKB) is 2.3× the size of Gate (GT) by market capitalisation. Over the past 30 days, GT is ahead by 7.0 percentage points (GT +2.4% against OKB -4.7%). Their daily returns move closely together (correlation 0.69 across 58 shared trading days). GT has been the more volatile of the two, at 70% annualised against OKB's 53%.
GTOKB
0.69over 58 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 | GT | OKB |
|---|---|---|
| Max drawdown (400d) | -17.7% | -12.2% |
| Risk-adjusted return (90d) | 0.61 | 0.06 |
Relative strength over 90 days: GT outperformed OKB by 38.5% — measured on the GT/OKB ratio, so it holds regardless of market direction.