Bonk (BONK) is 2748.1× the size of Kekistan (KEK) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.47 across 31 shared trading days). Both have run at a similar volatility, around 94% annualised.
KEKBONK
-0.47over 31 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 | KEK | BONK |
|---|---|---|
| Max drawdown (400d) | -9.1% | -89.7% |
| Risk-adjusted return (90d) | 0.42 | 0.09 |
| Best 30 days (past year) | — | +37.0% |
| Worst 30 days (past year) | — | -51.0% |
Relative strength over 90 days: KEK outperformed BONK by 69.7% — measured on the KEK/BONK ratio, so it holds regardless of market direction.