WASD Studios (WASD) and FLOKI (FLOKI) compared side by side. Their daily returns move barely in opposite directions (correlation -0.21 across 23 shared trading days). FLOKI has been the more volatile of the two, at 89% annualised against WASD's 69%.
WASDFLOKI
-0.21over 23 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 | WASD | FLOKI |
|---|---|---|
| Max drawdown (400d) | -22.4% | -80.7% |
| Risk-adjusted return (90d) | -0.26 | 0.10 |
| Best 30 days (past year) | — | +35.0% |
| Worst 30 days (past year) | — | -50.0% |
Relative strength over 90 days: WASD outperformed FLOKI by 2.0% — measured on the WASD/FLOKI ratio, so it holds regardless of market direction.