Synap vs Kaspa

Kaspa (KAS) is 97201.4× the size of Synap (SYNAP) by market capitalisation. Over the past 30 days, KAS is ahead by 7.9 percentage points (SYNAP -14.0% against KAS -6.0%). Their daily returns move barely together (correlation 0.18 across 20 shared trading days). KAS has been the more volatile of the two, at 106% annualised against SYNAP's 37%.

Correlation: 0.18
Size ratio: 1 : 97201.4
Ahead over 30 days: KAS

SynapSYNAP

$9.100e-6

24h: +4.00%
Market cap: $9,008
Volume 24h: $7
Volatility (ann.): 37%

KaspaKAS

$0.031503

24h: +0.87%
Market cap: $875.63M
Volume 24h: $10.18M
Volatility (ann.): 106%

SYNAP 0.0%Share of the two combined market caps100.0% KAS

Performance

SYNAPKAS

7 days-3.38%-13.57%SYNAP
30 days-13.98%-6.03%KAS

Correlation

0.18over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	SYNAP	KAS
Max drawdown (400d)	-16.2%	-34.1%
Risk-adjusted return (90d)	-0.38	0.21

Relative strength over 90 days: SYNAP outperformed KAS by 8.6% — measured on the SYNAP/KAS ratio, so it holds regardless of market direction.

Synap →Kaspa →