One (ONE) and OKB (OKB) compared side by side. Over the past 30 days, ONE is ahead by 17.0 percentage points (ONE +12.3% against OKB -4.7%). Their daily returns move barely in opposite directions (correlation -0.12 across 20 shared trading days). Both have run at a similar volatility, around 52% annualised.
ONEOKB
-0.12over 20 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 | ONE | OKB |
|---|---|---|
| Max drawdown (400d) | -8.3% | -12.2% |
| Risk-adjusted return (90d) | 0.24 | 0.06 |
Relative strength over 90 days: ONE outperformed OKB by 0.8% — measured on the ONE/OKB ratio, so it holds regardless of market direction.