Turbo (TURBO) is 9742.4× the size of ACTUAL (ACTUAL) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 115 shared trading days). ACTUAL has been the more volatile of the two, at 418% annualised against TURBO's 109%.
ACTUALTURBO
0.24over 115 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 | ACTUAL | TURBO |
|---|---|---|
| Max drawdown (400d) | -93.6% | -80.7% |
| Risk-adjusted return (90d) | -0.04 | -0.06 |
| Best 30 days (past year) | — | +46.2% |
| Worst 30 days (past year) | — | -53.3% |
Relative strength over 90 days: ACTUAL outperformed TURBO by 132.8% — measured on the ACTUAL/TURBO ratio, so it holds regardless of market direction.