Batonius Maximus (BATONIUS) and Bordrless (BORDR) compared side by side. Over the past 30 days, BATONIUS is ahead by 68.1 percentage points (BATONIUS -31.3% against BORDR -99.5%). Their daily returns move barely together (correlation 0.29 across 26 shared trading days). BORDR has been the more volatile of the two, at 944% annualised against BATONIUS's 63%.
BATONIUSBORDR
0.29over 26 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 | BATONIUS | BORDR |
|---|---|---|
| Max drawdown (400d) | -32.9% | -99.8% |
| Risk-adjusted return (90d) | -0.48 | -0.10 |
Relative strength over 90 days: BATONIUS outperformed BORDR by 2214.6% — measured on the BATONIUS/BORDR ratio, so it holds regardless of market direction.