Axie Infinity (AXS) is 32.2× the size of Wilder World (WILD) by market capitalisation. Over the past 1 year, AXS is ahead by 31.9 percentage points (WILD -64.4% against AXS -32.5%). Their daily returns move barely together (correlation 0.06 across 373 shared trading days). WILD has been the more volatile of the two, at 785% annualised against AXS's 121%.
WILDAXS
0.06over 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 | WILD | AXS |
|---|---|---|
| Max drawdown (400d) | -96.0% | -72.0% |
| Risk-adjusted return (90d) | 0.25 | -0.04 |
| Best 30 days (past year) | +457.9% | +248.7% |
| Worst 30 days (past year) | -74.3% | -55.5% |
Relative strength over 90 days: WILD outperformed AXS by 481.0% — measured on the WILD/AXS ratio, so it holds regardless of market direction.