FLOKI (FLOKI) is 9.5× the size of Smooth Love Potion (SLP) by market capitalisation. Over the past 1 year, SLP is ahead by 11.9 percentage points (SLP -51.0% against FLOKI -62.8%). Their daily returns move closely together (correlation 0.69 across 399 shared trading days). Both have run at a similar volatility, around 87% annualised.
SLPFLOKI
0.69over 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 | SLP | FLOKI |
|---|---|---|
| Max drawdown (400d) | -72.8% | -80.7% |
| Risk-adjusted return (90d) | -0.10 | 0.10 |
| Best 30 days (past year) | +42.9% | +35.0% |
| Worst 30 days (past year) | -42.9% | -50.0% |
Relative strength over 90 days: FLOKI outperformed SLP by 14.8% — measured on the SLP/FLOKI ratio, so it holds regardless of market direction.