OKB (OKB) is 22003.7× the size of Zypher Network (POP) by market capitalisation. Their daily returns move barely together (correlation 0.35 across 45 shared trading days). POP has been the more volatile of the two, at 386% annualised against OKB's 53%.
POPOKB
0.35over 45 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 | POP | OKB |
|---|---|---|
| Max drawdown (400d) | -97.2% | -12.2% |
| Risk-adjusted return (90d) | -0.23 | 0.06 |
Relative strength over 90 days: OKB outperformed POP by 97.2% — measured on the POP/OKB ratio, so it holds regardless of market direction.