Sky (SKY) is 1.0× the size of World Liberty Financial (WLFI) by market capitalisation. Over the past 1 year, SKY is ahead by 84.8 percentage points (WLFI -57.8% against SKY +27.0%). Their daily returns move barely together (correlation 0.31 across 399 shared trading days). Both have run at a similar volatility, around 76% annualised.
WLFISKY
0.31over 399 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 | WLFI | SKY |
|---|---|---|
| Max drawdown (400d) | -77.0% | -44.9% |
| Risk-adjusted return (90d) | -0.22 | 0.26 |
| Best 30 days (past year) | +35.0% | +59.9% |
| Worst 30 days (past year) | -45.4% | -33.0% |
Relative strength over 90 days: SKY outperformed WLFI by 25.5% — measured on the WLFI/SKY ratio, so it holds regardless of market direction.