Pixie (PIX) and Atoshi (ATOS) compared side by side. Their daily returns move barely in opposite directions (correlation -0.15 across 35 shared trading days). PIX has been the more volatile of the two, at 322% annualised against ATOS's 131%.
PIXATOS
-0.15over 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 | PIX | ATOS |
|---|---|---|
| Max drawdown (400d) | -68.5% | -50.7% |
| Risk-adjusted return (90d) | -0.03 | -0.11 |
Relative strength over 90 days: ATOS outperformed PIX by 24.2% — measured on the PIX/ATOS ratio, so it holds regardless of market direction.