Shiba Inu (SHIB) is 12.9× the size of FLOKI (FLOKI) by market capitalisation. Over the past 1 year, SHIB is ahead by 12.2 percentage points (SHIB -55.1% against FLOKI -67.2%). Their daily returns move very closely together (correlation 0.87 across 399 shared trading days). FLOKI has been the more volatile of the two, at 88% annualised against SHIB's 69%.
SHIBFLOKI
0.87over 399 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 | SHIB | FLOKI |
|---|---|---|
| Max drawdown (400d) | -68.0% | -80.4% |
| Risk-adjusted return (90d) | -0.04 | 0.00 |
| Best 30 days (past year) | +39.1% | +35.0% |
| Worst 30 days (past year) | -38.4% | -50.0% |
Relative strength over 90 days: FLOKI outperformed SHIB by 2.8% — measured on the SHIB/FLOKI ratio, so it holds regardless of market direction.