Machina (MXNA) and FLOKI (FLOKI) compared side by side. Over the past 1 year, MXNA is ahead by 12.8 percentage points (MXNA -50.1% against FLOKI -62.8%). Their daily returns move barely together (correlation 0.08 across 367 shared trading days). Both have run at a similar volatility, around 90% annualised.
MXNAFLOKI
0.08over 367 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 | MXNA | FLOKI |
|---|---|---|
| Max drawdown (400d) | -72.5% | -80.7% |
| Risk-adjusted return (90d) | -0.31 | 0.10 |
| Best 30 days (past year) | +148.3% | +35.0% |
| Worst 30 days (past year) | -62.5% | -50.0% |
Relative strength over 90 days: FLOKI outperformed MXNA by 11.3% — measured on the MXNA/FLOKI ratio, so it holds regardless of market direction.