AXiS ALiVE (AXIS) and SoSoValue (SOSO) compared side by side. Over the past 30 days, SOSO is ahead by 28.7 percentage points (AXIS -24.1% against SOSO +4.6%). Their daily returns move barely together (correlation 0.06 across 21 shared trading days). AXIS has been the more volatile of the two, at 134% annualised against SOSO's 70%.
AXISSOSO
0.06over 21 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 | AXIS | SOSO |
|---|---|---|
| Max drawdown (400d) | -30.3% | -11.6% |
| Risk-adjusted return (90d) | -0.11 | -0.01 |
Relative strength over 90 days: SOSO outperformed AXIS by 19.0% — measured on the AXIS/SOSO ratio, so it holds regardless of market direction.