BagsPay (BAGSPAY) and Cartoon Money (CBUCKS) compared side by side. Over the past 30 days, CBUCKS is ahead by 1383.1 percentage points (BAGSPAY -99.7% against CBUCKS +1283.4%). Their daily returns move barely in opposite directions (correlation -0.09 across 22 shared trading days). BAGSPAY has been the more volatile of the two, at 106633% annualised against CBUCKS's 1164%.
BAGSPAYCBUCKS
-0.09over 22 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 | BAGSPAY | CBUCKS |
|---|---|---|
| Max drawdown (400d) | -99.8% | -46.1% |
| Risk-adjusted return (90d) | 0.00 | 4.74 |
Relative strength over 90 days: CBUCKS outperformed BAGSPAY by 99.3% — measured on the BAGSPAY/CBUCKS ratio, so it holds regardless of market direction.