Kite (KITE) is 32444.4× the size of The Cult of YOTS (YOTS) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 90 shared trading days). YOTS has been the more volatile of the two, at 911% annualised against KITE's 121%.
YOTSKITE
-0.04over 90 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 | YOTS | KITE |
|---|---|---|
| Max drawdown (400d) | -99.8% | -69.5% |
| Risk-adjusted return (90d) | -0.09 | 0.13 |
| Best 30 days (past year) | — | +151.2% |
| Worst 30 days (past year) | — | -55.6% |
Relative strength over 90 days: KITE outperformed YOTS by 80.3% — measured on the YOTS/KITE ratio, so it holds regardless of market direction.