Notcoin (NOT) is 18.9× the size of Not Pixel (PX) by market capitalisation. Over the past 1 year, NOT is ahead by 24.2 percentage points (PX -71.8% against NOT -47.6%). Their daily returns move loosely together (correlation 0.51 across 373 shared trading days). Both have run at a similar volatility, around 102% annualised.
PXNOT
0.51over 373 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 | PX | NOT |
|---|---|---|
| Max drawdown (400d) | -76.2% | -80.0% |
| Risk-adjusted return (90d) | -0.33 | 0.00 |
| Best 30 days (past year) | +108.2% | +93.4% |
| Worst 30 days (past year) | -45.0% | -46.3% |
Relative strength over 90 days: NOT outperformed PX by 20.9% — measured on the PX/NOT ratio, so it holds regardless of market direction.