Shiba Inu (SHIB) is 171.7× the size of Qkacoin (QKA) by market capitalisation. Over the past 1 year, SHIB is ahead by 15.0 percentage points (QKA -64.6% against SHIB -49.6%). Their daily returns move barely in opposite directions (correlation -0.01 across 364 shared trading days). QKA has been the more volatile of the two, at 223% annualised against SHIB's 69%.
QKASHIB
-0.01over 364 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 | QKA | SHIB |
|---|---|---|
| Max drawdown (400d) | -90.7% | -68.0% |
| Risk-adjusted return (90d) | -0.09 | -0.08 |
| Best 30 days (past year) | — | +39.1% |
| Worst 30 days (past year) | — | -38.4% |
Relative strength over 90 days: SHIB outperformed QKA by 32.6% — measured on the QKA/SHIB ratio, so it holds regardless of market direction.