Genius (GENIUS) is 1795.4× the size of Official Layoff Coin (LAYOFF) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.05 across 35 shared trading days). LAYOFF has been the more volatile of the two, at 211% annualised against GENIUS's 95%.
LAYOFFGENIUS
-0.05over 35 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 | LAYOFF | GENIUS |
|---|---|---|
| Max drawdown (400d) | -82.8% | -61.7% |
| Risk-adjusted return (90d) | -0.38 | -0.15 |
Relative strength over 90 days: GENIUS outperformed LAYOFF by 80.0% — measured on the LAYOFF/GENIUS ratio, so it holds regardless of market direction.