aixbt (AIXBT) is 785.7× the size of STIX (STIX) by market capitalisation. Over the past 1 year, AIXBT is ahead by 20.2 percentage points (STIX -96.4% against AIXBT -76.1%). Their daily returns move barely together (correlation 0.21 across 368 shared trading days). STIX has been the more volatile of the two, at 242% annualised against AIXBT's 118%.
STIXAIXBT
0.21over 368 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 | STIX | AIXBT |
|---|---|---|
| Max drawdown (400d) | -96.4% | -85.2% |
| Risk-adjusted return (90d) | -0.39 | -0.15 |
| Best 30 days (past year) | +267.3% | +62.1% |
| Worst 30 days (past year) | -89.5% | -52.0% |
Relative strength over 90 days: AIXBT outperformed STIX by 76.8% — measured on the STIX/AIXBT ratio, so it holds regardless of market direction.