Filecoin (FIL) is 1651.5× the size of Nibiru (NIBI) by market capitalisation. Over the past 1 year, FIL is ahead by 55.3 percentage points (NIBI -95.8% against FIL -40.5%). Their daily returns move barely together (correlation 0.02 across 364 shared trading days). FIL has been the more volatile of the two, at 125% annualised against NIBI's 96%.
NIBIFIL
0.02over 364 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 | NIBI | FIL |
|---|---|---|
| Max drawdown (400d) | -96.7% | -81.4% |
| Risk-adjusted return (90d) | -0.72 | 0.19 |
| Best 30 days (past year) | — | +66.2% |
| Worst 30 days (past year) | — | -57.1% |
Relative strength over 90 days: FIL outperformed NIBI by 75.0% — measured on the NIBI/FIL ratio, so it holds regardless of market direction.