Starknet (STRK) is 19.9× the size of Puffer (PUFFER) by market capitalisation. Over the past 1 year, STRK is ahead by 24.5 percentage points (PUFFER -84.3% against STRK -59.8%). Their daily returns move loosely together (correlation 0.36 across 371 shared trading days). Both have run at a similar volatility, around 135% annualised.
PUFFERSTRK
0.36over 371 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 | PUFFER | STRK |
|---|---|---|
| Max drawdown (400d) | -93.6% | -91.0% |
| Risk-adjusted return (90d) | 0.68 | 0.33 |
| Best 30 days (past year) | +142.9% | +329.9% |
| Worst 30 days (past year) | -50.8% | -66.4% |
Relative strength over 90 days: PUFFER outperformed STRK by 42.9% — measured on the PUFFER/STRK ratio, so it holds regardless of market direction.