Compound (COMP) is 63.3× the size of Kaskad (KSKD) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 135 shared trading days). KSKD has been the more volatile of the two, at 199% annualised against COMP's 80%.
KSKDCOMP
-0.03over 135 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 | KSKD | COMP |
|---|---|---|
| Max drawdown (400d) | -89.6% | -65.4% |
| Risk-adjusted return (90d) | 0.31 | 0.28 |
| Best 30 days (past year) | — | +41.3% |
| Worst 30 days (past year) | — | -40.7% |
Relative strength over 90 days: KSKD outperformed COMP by 38.5% — measured on the KSKD/COMP ratio, so it holds regardless of market direction.