AWE Network (AWE) is 23.7× the size of KRYLL (KRL) by market capitalisation. Over the past 1 year, AWE is ahead by 52.1 percentage points (KRL -54.4% against AWE -2.3%). Their daily returns move barely together (correlation 0.23 across 372 shared trading days). AWE has been the more volatile of the two, at 84% annualised against KRL's 35%.
KRLAWE
0.23over 372 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 | KRL | AWE |
|---|---|---|
| Max drawdown (400d) | -59.7% | -60.1% |
| Risk-adjusted return (90d) | 0.34 | 0.20 |
| Best 30 days (past year) | +10.0% | +87.1% |
| Worst 30 days (past year) | -22.6% | -46.6% |
Relative strength over 90 days: KRL outperformed AWE by 7.1% — measured on the KRL/AWE ratio, so it holds regardless of market direction.