Islamic Coin vs Kaspa

Kaspa (KAS) is 61.6× the size of Islamic Coin (ISLM) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.42 across 35 shared trading days). ISLM has been the more volatile of the two, at 375% annualised against KAS's 106%.

Correlation: -0.42
Size ratio: 1 : 61.6

Islamic CoinISLM

$0.003796

24h: +0.02%
Market cap: $14.21M
Volume 24h: $3,856
Volatility (ann.): 375%

KaspaKAS

$0.031505

24h: +2.88%
Market cap: $875.60M
Volume 24h: $11.49M
Volatility (ann.): 106%

ISLM 1.6%Share of the two combined market caps98.4% KAS

Performance

ISLMKAS

7 days-11.91%-11.37%KAS
30 days-19.52%-10.15%KAS
90 days-45.83%——
1 year-83.28%——

Correlation

-0.42over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4790d: 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	ISLM	KAS
Max drawdown (400d)	-94.5%	-34.1%
Risk-adjusted return (90d)	-0.62	0.17

Relative strength over 90 days: KAS outperformed ISLM by 53.4% — measured on the ISLM/KAS ratio, so it holds regardless of market direction.

Islamic Coin →Kaspa →