The Graph (GRT) is 40.9× the size of KRYLL (KRL) by market capitalisation. Over the past 1 year, KRL is ahead by 11.0 percentage points (KRL -54.4% against GRT -65.4%). Their daily returns move loosely together (correlation 0.52 across 372 shared trading days). GRT has been the more volatile of the two, at 85% annualised against KRL's 35%.
KRLGRT
0.52over 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 | GRT |
|---|---|---|
| Max drawdown (400d) | -59.7% | -85.1% |
| Risk-adjusted return (90d) | 0.34 | 0.30 |
| Best 30 days (past year) | +10.0% | +115.0% |
| Worst 30 days (past year) | -22.6% | -41.8% |
Relative strength over 90 days: GRT outperformed KRL by 4.5% — measured on the KRL/GRT ratio, so it holds regardless of market direction.