Phi Protocol vs Akedo

Akedo (AKE) is 3213.6× the size of Phi Protocol (PHI) by market capitalisation. Over the past 30 days, PHI is ahead by 61.9 percentage points (PHI -21.2% against AKE -83.2%). Their daily returns move loosely in opposite directions (correlation -0.48 across 22 shared trading days). AKE has been the more volatile of the two, at 457% annualised against PHI's 45%.

Correlation: -0.48
Size ratio: 1 : 3213.6
Ahead over 30 days: PHI

Phi ProtocolPHI

$1.605e-5

24h: +5.81%
Market cap: $16,019
Volume 24h: $22
Volatility (ann.): 45%

AkedoAKE

$0.002258

24h: -11.12%
Market cap: $51.48M
Volume 24h: $36.32M
Volatility (ann.): 457%

PHI 0.0%Share of the two combined market caps100.0% AKE

Performance

PHIAKE

7 days-4.49%-88.63%PHI
30 days-21.22%-83.17%PHI

Correlation

-0.48over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	PHI	AKE
Max drawdown (400d)	-25.2%	-93.5%
Risk-adjusted return (90d)	-0.47	-0.16

Relative strength over 90 days: PHI outperformed AKE by 680.8% — measured on the PHI/AKE ratio, so it holds regardless of market direction.

Phi Protocol →Akedo →