哈基米 (Hajimi) (哈基米) is 39.3× the size of 老子 (Laozi) (老子) by market capitalisation. Their daily returns move loosely together (correlation 0.41 across 45 shared trading days). 哈基米 has been the more volatile of the two, at 615% annualised against 老子's 293%.
老子哈基米
0.41over 45 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 | 老子 | 哈基米 |
|---|---|---|
| Max drawdown (400d) | -98.1% | -70.3% |
| Risk-adjusted return (90d) | -0.09 | 0.02 |
Relative strength over 90 days: 哈基米 outperformed 老子 by 28.0% — measured on the 老子/哈基米 ratio, so it holds regardless of market direction.