Shiba Inu (SHIB) is 3814.8× the size of AGENDA 47 (A47) by market capitalisation. Over the past 1 year, SHIB is ahead by 47.4 percentage points (A47 -97.0% against SHIB -49.6%). Their daily returns move barely together (correlation 0.21 across 373 shared trading days). A47 has been the more volatile of the two, at 155% annualised against SHIB's 69%.
A47SHIB
0.21over 373 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 | A47 | SHIB |
|---|---|---|
| Max drawdown (400d) | -97.3% | -68.0% |
| Risk-adjusted return (90d) | -0.31 | -0.08 |
| Best 30 days (past year) | +44.8% | +39.1% |
| Worst 30 days (past year) | -68.7% | -38.4% |
Relative strength over 90 days: SHIB outperformed A47 by 61.9% — measured on the A47/SHIB ratio, so it holds regardless of market direction.