Arc Index 10 (ARCX10) and Arclight Finance (ARCLIGHT) compared side by side. Over the past 30 days, ARCX10 is ahead by 2.5 percentage points (ARCX10 -93.0% against ARCLIGHT -95.5%). Their daily returns move barely together (correlation 0.20 across 30 shared trading days). ARCLIGHT has been the more volatile of the two, at 125275% annualised against ARCX10's 732%.
$3.795e-5
ARCX10ARCLIGHT
0.20over 30 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 | ARCX10 | ARCLIGHT |
|---|---|---|
| Max drawdown (400d) | -93.0% | -99.8% |
| Risk-adjusted return (90d) | -0.13 | 0.00 |
Relative strength over 90 days: ARCX10 outperformed ARCLIGHT by 22.7% — measured on the ARCX10/ARCLIGHT ratio, so it holds regardless of market direction.