Stacks (STX) is 285.9× the size of KONET (KONET) by market capitalisation. Over the past 1 year, KONET is ahead by 18.9 percentage points (KONET +6.9% against STX -12.0%). Their daily returns move barely together (correlation 0.02 across 364 shared trading days). KONET has been the more volatile of the two, at 168% annualised against STX's 93%.
KONETSTX
0.02over 364 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 | KONET | STX |
|---|---|---|
| Max drawdown (400d) | -74.2% | -80.9% |
| Risk-adjusted return (90d) | -0.18 | 1.22 |
| Best 30 days (past year) | — | +120.9% |
| Worst 30 days (past year) | — | -35.3% |
Relative strength over 90 days: STX outperformed KONET by 65.2% — measured on the KONET/STX ratio, so it holds regardless of market direction.