Axie Infinity (AXS) is 720.8× the size of SophiaVerse (SOPH) by market capitalisation. Over the past 1 year, AXS is ahead by 71.3 percentage points (SOPH -97.3% against AXS -26.0%). Their daily returns move loosely together (correlation 0.36 across 373 shared trading days). Both have run at a similar volatility, around 126% annualised.
SOPHAXS
0.36over 373 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 | SOPH | AXS |
|---|---|---|
| Max drawdown (400d) | -97.5% | -72.0% |
| Risk-adjusted return (90d) | -0.42 | -0.02 |
| Best 30 days (past year) | +46.7% | +248.7% |
| Worst 30 days (past year) | -87.2% | -55.5% |
Relative strength over 90 days: AXS outperformed SOPH by 81.5% — measured on the SOPH/AXS ratio, so it holds regardless of market direction.