Bonk (BONK) is 45.1× the size of GeorgePlaysClashRoyale (CLASH) by market capitalisation. Their daily returns move closely together (correlation 0.69 across 41 shared trading days). CLASH has been the more volatile of the two, at 167% annualised against BONK's 100%.
$0.005947
CLASHBONK
0.69over 41 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 | CLASH | BONK |
|---|---|---|
| Max drawdown (400d) | -52.4% | -89.7% |
| Risk-adjusted return (90d) | -0.29 | 0.03 |
| Best 30 days (past year) | — | +37.0% |
| Worst 30 days (past year) | — | -51.0% |
Relative strength over 90 days: BONK outperformed CLASH by 47.1% — measured on the CLASH/BONK ratio, so it holds regardless of market direction.