OKB (OKB) is 1001.8× the size of KONET (KONET) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 35 shared trading days). KONET has been the more volatile of the two, at 168% annualised against OKB's 53%.
KONETOKB
-0.04over 35 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 | OKB |
|---|---|---|
| Max drawdown (400d) | -74.2% | -12.2% |
| Risk-adjusted return (90d) | -0.18 | 0.06 |
Relative strength over 90 days: OKB outperformed KONET by 13.8% — measured on the KONET/OKB ratio, so it holds regardless of market direction.