OKB (OKB) is 1.6× the size of HTX DAO (HTX) by market capitalisation. Over the past 30 days, OKB is ahead by 2.4 percentage points (HTX -7.1% against OKB -4.7%). Their daily returns move barely together (correlation 0.23 across 58 shared trading days). OKB has been the more volatile of the two, at 53% annualised against HTX's 38%.
HTXOKB
0.23over 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 | HTX | OKB |
|---|---|---|
| Max drawdown (400d) | -15.6% | -12.2% |
| Risk-adjusted return (90d) | -0.31 | 0.06 |
Relative strength over 90 days: OKB outperformed HTX by 14.6% — measured on the HTX/OKB ratio, so it holds regardless of market direction.