LayerK (LYK) and OKB (OKB) compared side by side. Over the past 30 days, OKB is ahead by 1.4 percentage points (LYK -6.1% against OKB -4.7%). Their daily returns move barely together (correlation 0.01 across 21 shared trading days). LYK has been the more volatile of the two, at 159% annualised against OKB's 53%.
LYKOKB
0.01over 21 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 | LYK | OKB |
|---|---|---|
| Max drawdown (400d) | -36.5% | -12.2% |
| Risk-adjusted return (90d) | -0.08 | 0.06 |
Relative strength over 90 days: OKB outperformed LYK by 11.9% — measured on the LYK/OKB ratio, so it holds regardless of market direction.