ApeCoin (APE) is 17.2× the size of Laqira Protocol (LQR) by market capitalisation. Over the past 1 year, LQR is ahead by 60.2 percentage points (LQR -9.6% against APE -69.8%). Their daily returns move barely in opposite directions (correlation -0.02 across 370 shared trading days). LQR has been the more volatile of the two, at 194% annualised against APE's 117%.
LQRAPE
-0.02over 370 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 | LQR | APE |
|---|---|---|
| Max drawdown (400d) | -82.2% | -85.7% |
| Risk-adjusted return (90d) | 0.49 | -0.24 |
| Best 30 days (past year) | +238.7% | +113.9% |
| Worst 30 days (past year) | -42.9% | -47.6% |
Relative strength over 90 days: LQR outperformed APE by 259.1% — measured on the LQR/APE ratio, so it holds regardless of market direction.