Arc Incinerator (ABURN) and SolonPad (SOLON) compared side by side. Over the past 30 days, ABURN is ahead by 18.0 percentage points (ABURN -55.4% against SOLON -73.3%). Their daily returns move barely together (correlation 0.26 across 27 shared trading days). SOLON has been the more volatile of the two, at 454% annualised against ABURN's 171%.
ABURNSOLON
0.26over 27 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 | ABURN | SOLON |
|---|---|---|
| Max drawdown (400d) | -55.4% | -77.8% |
| Risk-adjusted return (90d) | -0.32 | -0.13 |
Relative strength over 90 days: SOLON outperformed ABURN by 40.1% — measured on the ABURN/SOLON ratio, so it holds regardless of market direction.