Gelato vs OKB

OKB (OKB) is 7087.4× the size of Gelato (GEL) by market capitalisation. Over the past 30 days, OKB is ahead by 55.3 percentage points (GEL -60.0% against OKB -4.7%). Their daily returns move barely together (correlation 0.06 across 24 shared trading days). GEL has been the more volatile of the two, at 364% annualised against OKB's 53%.

Correlation: 0.06
Size ratio: 1 : 7087.4
Ahead over 30 days: OKB

GelatoGEL

$0.001145

24h: —
Market cap: $328,549
Volume 24h: $2
Volatility (ann.): 364%

OKBOKB

$110.8900

24h: +2.68%
Market cap: $2.33B
Volume 24h: $23.13M
Volatility (ann.): 53%

GEL 0.0%Share of the two combined market caps100.0% OKB

Performance

GELOKB

7 days-60.40%-0.94%OKB
30 days-59.99%-4.69%OKB

Correlation

0.06over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	GEL	OKB
Max drawdown (400d)	-80.7%	-12.2%
Risk-adjusted return (90d)	-0.17	0.06

Relative strength over 90 days: OKB outperformed GEL by 59.9% — measured on the GEL/OKB ratio, so it holds regardless of market direction.

Gelato →OKB →