Merlin Chain vs OKB

OKB (OKB) is 57.1× the size of Merlin Chain (MERL) by market capitalisation. Over the past 30 days, MERL is ahead by 31.1 percentage points (MERL +28.6% against OKB -2.5%). Their daily returns move loosely together (correlation 0.58 across 45 shared trading days). MERL has been the more volatile of the two, at 91% annualised against OKB's 52%.

Correlation: 0.58
Size ratio: 1 : 57.1
Ahead over 30 days: MERL

Merlin ChainMERL

$0.028580

24h: +5.56%
Market cap: $40.86M
Volume 24h: $4.74M
Volatility (ann.): 91%

OKBOKB

$111.0400

24h: +3.75%
Market cap: $2.33B
Volume 24h: $22.84M
Volatility (ann.): 52%

MERL 1.7%Share of the two combined market caps98.3% OKB

Performance

MERLOKB

7 days+9.45%-0.74%MERL
30 days+28.60%-2.48%MERL

Correlation

0.58over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7790d: 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	MERL	OKB
Max drawdown (400d)	-18.8%	-12.2%
Risk-adjusted return (90d)	0.54	0.11

Relative strength over 90 days: MERL outperformed OKB by 49.6% — measured on the MERL/OKB ratio, so it holds regardless of market direction.

Merlin Chain →OKB →