OKB (OKB) is 2.2× the size of KuCoin (KCS) by market capitalisation. Over the past 30 days, KCS is ahead by 8.9 percentage points (KCS +4.2% against OKB -4.7%). Their daily returns move loosely together (correlation 0.42 across 58 shared trading days). Both have run at a similar volatility, around 50% annualised.
KCSOKB
0.42over 58 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 | KCS | OKB |
|---|---|---|
| Max drawdown (400d) | -10.9% | -12.2% |
| Risk-adjusted return (90d) | 0.19 | 0.06 |
Relative strength over 90 days: KCS outperformed OKB by 5.4% — measured on the KCS/OKB ratio, so it holds regardless of market direction.