aixbt (AIXBT) is 14.5× the size of Moby AI (MOBY) by market capitalisation. Their daily returns move closely together (correlation 0.60 across 39 shared trading days). MOBY has been the more volatile of the two, at 183% annualised against AIXBT's 118%.
MOBYAIXBT
0.60over 39 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 | MOBY | AIXBT |
|---|---|---|
| Max drawdown (400d) | -36.9% | -84.5% |
| Risk-adjusted return (90d) | -0.02 | -0.09 |
| Best 30 days (past year) | — | +62.1% |
| Worst 30 days (past year) | — | -52.0% |
Relative strength over 90 days: MOBY outperformed AIXBT by 21.6% — measured on the MOBY/AIXBT ratio, so it holds regardless of market direction.