aixbt (AIXBT) is 3114.0× the size of Rebel by Virtuals (REBELZ) by market capitalisation. Their daily returns move loosely together (correlation 0.45 across 143 shared trading days). REBELZ has been the more volatile of the two, at 242% annualised against AIXBT's 118%.
REBELZAIXBT
0.45over 143 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 | REBELZ | AIXBT |
|---|---|---|
| Max drawdown (400d) | -80.0% | -84.5% |
| Risk-adjusted return (90d) | -0.17 | -0.07 |
| Best 30 days (past year) | — | +62.1% |
| Worst 30 days (past year) | — | -52.0% |
Relative strength over 90 days: AIXBT outperformed REBELZ by 6.9% — measured on the REBELZ/AIXBT ratio, so it holds regardless of market direction.