Kaspa (KAS) is 5.2× the size of Telcoin (TEL) by market capitalisation. Over the past 30 days, KAS is ahead by 13.4 percentage points (TEL -23.6% against KAS -10.1%). Their daily returns move loosely together (correlation 0.46 across 52 shared trading days). Both have run at a similar volatility, around 105% annualised.
TELKAS
0.46over 52 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 | TEL | KAS |
|---|---|---|
| Max drawdown (400d) | -31.6% | -34.1% |
| Risk-adjusted return (90d) | -0.04 | 0.17 |
Relative strength over 90 days: KAS outperformed TEL by 22.0% — measured on the TEL/KAS ratio, so it holds regardless of market direction.