Staika (STIK) and Axie Infinity (AXS) compared side by side. Over the past 1 year, AXS is ahead by 67.5 percentage points (STIK -100.0% against AXS -32.5%). Their daily returns move barely together (correlation 0.11 across 364 shared trading days). STIK has been the more volatile of the two, at 238% annualised against AXS's 121%.
STIKAXS
0.11over 364 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 | STIK | AXS |
|---|---|---|
| Max drawdown (400d) | -100.0% | -72.0% |
| Risk-adjusted return (90d) | -0.43 | -0.04 |
| Best 30 days (past year) | — | +248.7% |
| Worst 30 days (past year) | — | -55.5% |
Relative strength over 90 days: AXS outperformed STIK by 99.0% — measured on the STIK/AXS ratio, so it holds regardless of market direction.