Kaspa (KAS) is 12398.7× the size of Taraxa (TARA) by market capitalisation. Their daily returns move closely together (correlation 0.69 across 39 shared trading days). TARA has been the more volatile of the two, at 285% annualised against KAS's 106%.
TARAKAS
0.69over 39 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 | TARA | KAS |
|---|---|---|
| Max drawdown (400d) | -100.0% | -34.1% |
| Risk-adjusted return (90d) | -0.29 | 0.21 |
| Best 30 days (past year) | +133.3% | — |
| Worst 30 days (past year) | -100.0% | — |
Relative strength over 90 days: KAS outperformed TARA by 100.0% — measured on the TARA/KAS ratio, so it holds regardless of market direction.