FLOKI (FLOKI) is 6996.8× the size of Seedworld (SWORLD) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 186 shared trading days). SWORLD has been the more volatile of the two, at 127% annualised against FLOKI's 89%.
SWORLDFLOKI
0.24over 186 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 | SWORLD | FLOKI |
|---|---|---|
| Max drawdown (400d) | -95.5% | -80.7% |
| Risk-adjusted return (90d) | -0.56 | 0.01 |
| Best 30 days (past year) | — | +35.0% |
| Worst 30 days (past year) | — | -50.0% |
Relative strength over 90 days: FLOKI outperformed SWORLD by 74.3% — measured on the SWORLD/FLOKI ratio, so it holds regardless of market direction.