SolonPad (SOLON) is 4.0× the size of ACAT (ACAT) by market capitalisation. Over the past 30 days, ACAT is ahead by 9.1 percentage points (ACAT -64.3% against SOLON -73.3%). Their daily returns move barely together (correlation 0.04 across 42 shared trading days). Both have run at a similar volatility, around 443% annualised.
ACATSOLON
0.04over 42 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 | ACAT | SOLON |
|---|---|---|
| Max drawdown (400d) | -77.7% | -77.8% |
| Risk-adjusted return (90d) | -0.17 | -0.13 |
Relative strength over 90 days: SOLON outperformed ACAT by 31.7% — measured on the ACAT/SOLON ratio, so it holds regardless of market direction.