Arc Index 10 (ARCX10) and SolonPad (SOLON) compared side by side. Over the past 30 days, SOLON is ahead by 19.6 percentage points (ARCX10 -93.0% against SOLON -73.3%). Their daily returns move loosely together (correlation 0.49 across 30 shared trading days). ARCX10 has been the more volatile of the two, at 732% annualised against SOLON's 454%.
ARCX10SOLON
0.49over 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 | SOLON |
|---|---|---|
| Max drawdown (400d) | -93.0% | -77.8% |
| Risk-adjusted return (90d) | -0.13 | -0.13 |
Relative strength over 90 days: SOLON outperformed ARCX10 by 83.1% — measured on the ARCX10/SOLON ratio, so it holds regardless of market direction.