Axie Infinity (AXS) is 607.2× the size of Mobox (MBOX) by market capitalisation. Over the past 1 year, AXS is ahead by 73.3 percentage points (MBOX -99.2% against AXS -26.0%). Their daily returns move barely together (correlation 0.00 across 295 shared trading days). MBOX has been the more volatile of the two, at 76641% annualised against AXS's 121%.
MBOXAXS
0.00over 295 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 | MBOX | AXS |
|---|---|---|
| Max drawdown (400d) | -99.8% | -72.0% |
| Risk-adjusted return (90d) | 0.00 | -0.02 |
| Best 30 days (past year) | — | +248.7% |
| Worst 30 days (past year) | — | -55.5% |
Relative strength over 90 days: AXS outperformed MBOX by 95.5% — measured on the MBOX/AXS ratio, so it holds regardless of market direction.