Kinetiq (KNTQ) is 42.6× the size of StakeWise (SWISE) by market capitalisation. Over the past 30 days, KNTQ is ahead by 96.0 percentage points (SWISE +33.8% against KNTQ +129.8%). Their daily returns move barely together (correlation 0.03 across 30 shared trading days). Both have run at a similar volatility, around 196% annualised.
SWISEKNTQ
0.03over 30 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 | SWISE | KNTQ |
|---|---|---|
| Max drawdown (400d) | -38.3% | -24.5% |
| Risk-adjusted return (90d) | 0.17 | 1.08 |
Relative strength over 90 days: KNTQ outperformed SWISE by 46.0% — measured on the SWISE/KNTQ ratio, so it holds regardless of market direction.