Matrix vs Kaspa

Kaspa (KAS) is 24.7× the size of Matrix (MTX) by market capitalisation. Over the past 30 days, KAS is ahead by 8.9 percentage points (MTX -19.0% against KAS -10.1%). Their daily returns move barely in opposite directions (correlation -0.05 across 46 shared trading days). Both have run at a similar volatility, around 114% annualised.

Correlation: -0.05
Size ratio: 1 : 24.7
Ahead over 30 days: KAS

MatrixMTX

$35.4500

24h: -1.19%
Market cap: $35.45M
Volume 24h: $113,516
Volatility (ann.): 121%

KaspaKAS

$0.031496

24h: +4.86%
Market cap: $875.35M
Volume 24h: $15.21M
Volatility (ann.): 106%

MTX 3.9%Share of the two combined market caps96.1% KAS

Performance

MTXKAS

7 days+0.57%-11.37%MTX
30 days-19.01%-10.15%KAS

Correlation

-0.05over 46 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	MTX	KAS
Max drawdown (400d)	-41.6%	-34.1%
Risk-adjusted return (90d)	0.24	0.17

Relative strength over 90 days: MTX outperformed KAS by 20.0% — measured on the MTX/KAS ratio, so it holds regardless of market direction.

Matrix →Kaspa →