Axie Infinity (AXS) is 14078.0× the size of World Of Claudecraft (WOC) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.32 across 35 shared trading days). WOC has been the more volatile of the two, at 192% annualised against AXS's 121%.
WOCAXS
-0.32over 35 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 | WOC | AXS |
|---|---|---|
| Max drawdown (400d) | -79.9% | -72.0% |
| Risk-adjusted return (90d) | -0.41 | -0.02 |
| Best 30 days (past year) | — | +248.7% |
| Worst 30 days (past year) | — | -55.5% |
Relative strength over 90 days: AXS outperformed WOC by 71.4% — measured on the WOC/AXS ratio, so it holds regardless of market direction.