MX vs OKB

OKB (OKB) is 15.5× the size of MX (MX) by market capitalisation. Over the past 30 days, OKB is ahead by 6.0 percentage points (MX -10.7% against OKB -4.7%). Their daily returns move barely together (correlation 0.34 across 56 shared trading days). OKB has been the more volatile of the two, at 53% annualised against MX's 41%.

Correlation: 0.34
Size ratio: 1 : 15.5
Ahead over 30 days: OKB

MXMX

$1.5900

24h: +0.31%
Market cap: $146.05M
Volume 24h: $4.37M
Volatility (ann.): 41%

OKBOKB

$107.9200

24h: -1.16%
Market cap: $2.27B
Volume 24h: $20.64M
Volatility (ann.): 53%

MX 6.1%Share of the two combined market caps93.9% OKB

Performance

MXOKB

7 days+1.94%-0.94%MX
30 days-10.73%-4.69%OKB

Correlation

0.34over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: 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	MX	OKB
Max drawdown (400d)	-20.5%	-12.2%
Risk-adjusted return (90d)	-0.07	0.06

Relative strength over 90 days: OKB outperformed MX by 9.4% — measured on the MX/OKB ratio, so it holds regardless of market direction.

MX →OKB →