TAGGER (TAG) is 65.3× the size of ARC (ARC) by market capitalisation. Over the past 30 days, ARC is ahead by 4.8 percentage points (ARC +16.9% against TAG +12.1%). Their daily returns move barely together (correlation 0.31 across 33 shared trading days). ARC has been the more volatile of the two, at 343% annualised against TAG's 206%.
ARCTAG
0.31over 33 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 | ARC | TAG |
|---|---|---|
| Max drawdown (400d) | -68.1% | -52.8% |
| Risk-adjusted return (90d) | 0.08 | -0.11 |
Relative strength over 90 days: ARC outperformed TAG by 35.6% — measured on the ARC/TAG ratio, so it holds regardless of market direction.