OKB (OKB) is 8981.0× the size of Matchain (MAT) by market capitalisation. Over the past 30 days, MAT is ahead by 5.3 percentage points (MAT +2.8% against OKB -2.5%). Their daily returns move barely together (correlation 0.08 across 27 shared trading days). Both have run at a similar volatility, around 55% annualised.
MATOKB
0.08over 27 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 | MAT | OKB |
|---|---|---|
| Max drawdown (400d) | -12.2% | -12.2% |
| Risk-adjusted return (90d) | 0.09 | 0.11 |
Relative strength over 90 days: MAT outperformed OKB by 4.4% — measured on the MAT/OKB ratio, so it holds regardless of market direction.