Giant Mammoth (GMMT) and Starknet (STRK) compared side by side. Over the past 1 year, STRK is ahead by 17.2 percentage points (GMMT -77.0% against STRK -59.8%). Their daily returns move barely together (correlation 0.07 across 363 shared trading days). GMMT has been the more volatile of the two, at 190% annualised against STRK's 143%.
GMMTSTRK
0.07over 363 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 | GMMT | STRK |
|---|---|---|
| Max drawdown (400d) | -78.3% | -91.0% |
| Risk-adjusted return (90d) | -0.32 | 0.33 |
| Best 30 days (past year) | — | +329.9% |
| Worst 30 days (past year) | — | -66.4% |
Relative strength over 90 days: STRK outperformed GMMT by 51.9% — measured on the GMMT/STRK ratio, so it holds regardless of market direction.