aixbt (AIXBT) is 7.7× the size of KiraKuru (KRA) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 166 shared trading days). KRA has been the more volatile of the two, at 258% annualised against AIXBT's 118%.
KRAAIXBT
0.19over 166 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 | KRA | AIXBT |
|---|---|---|
| Max drawdown (400d) | -61.9% | -84.5% |
| Risk-adjusted return (90d) | 0.96 | -0.09 |
| Best 30 days (past year) | — | +62.1% |
| Worst 30 days (past year) | — | -52.0% |
Relative strength over 90 days: KRA outperformed AIXBT by 446.7% — measured on the KRA/AIXBT ratio, so it holds regardless of market direction.