FLOKI (FLOKI) is 36.1× the size of Upland (SPARKLET) by market capitalisation. Over the past 1 year, SPARKLET is ahead by 27.8 percentage points (SPARKLET -35.0% against FLOKI -62.8%). Their daily returns move barely together (correlation 0.14 across 373 shared trading days). FLOKI has been the more volatile of the two, at 89% annualised against SPARKLET's 33%.
SPARKLETFLOKI
0.14over 373 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 | SPARKLET | FLOKI |
|---|---|---|
| Max drawdown (400d) | -39.3% | -80.7% |
| Risk-adjusted return (90d) | 0.00 | 0.10 |
| Best 30 days (past year) | +14.5% | +35.0% |
| Worst 30 days (past year) | -26.5% | -50.0% |
Relative strength over 90 days: SPARKLET outperformed FLOKI by 4.4% — measured on the SPARKLET/FLOKI ratio, so it holds regardless of market direction.