aixbt (AIXBT) is 1451.0× the size of Wokie Plumpkin by Virtuals (WOKIE) by market capitalisation. Their daily returns move closely together (correlation 0.61 across 126 shared trading days). WOKIE has been the more volatile of the two, at 253% annualised against AIXBT's 118%.
WOKIEAIXBT
0.61over 126 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 | WOKIE | AIXBT |
|---|---|---|
| Max drawdown (400d) | -76.9% | -84.5% |
| Risk-adjusted return (90d) | -0.17 | -0.07 |
| Best 30 days (past year) | — | +62.1% |
| Worst 30 days (past year) | — | -52.0% |
Relative strength over 90 days: WOKIE outperformed AIXBT by 32.3% — measured on the WOKIE/AIXBT ratio, so it holds regardless of market direction.