Kaspa (KAS) is 46599.2× the size of Zoof Wallet (ZOOF) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 35 shared trading days). ZOOF has been the more volatile of the two, at 177% annualised against KAS's 107%.
ZOOFKAS
0.38over 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 | ZOOF | KAS |
|---|---|---|
| Max drawdown (400d) | -90.3% | -37.9% |
| Risk-adjusted return (90d) | -0.20 | 0.11 |
Relative strength over 90 days: KAS outperformed ZOOF by 45.9% — measured on the ZOOF/KAS ratio, so it holds regardless of market direction.