Starknet (STRK) is 19.8× the size of Taiko (TAIKO) by market capitalisation. Over the past 1 year, STRK is ahead by 21.1 percentage points (TAIKO -81.0% against STRK -59.8%). Their daily returns move barely together (correlation 0.06 across 371 shared trading days). TAIKO has been the more volatile of the two, at 630% annualised against STRK's 143%.
TAIKOSTRK
0.06over 371 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 | TAIKO | STRK |
|---|---|---|
| Max drawdown (400d) | -88.6% | -91.0% |
| Risk-adjusted return (90d) | -0.18 | 0.33 |
| Best 30 days (past year) | +445.1% | +329.9% |
| Worst 30 days (past year) | -87.5% | -66.4% |
Relative strength over 90 days: STRK outperformed TAIKO by 35.7% — measured on the TAIKO/STRK ratio, so it holds regardless of market direction.