Bazaars (BZR) and Insane Labz (Base) (LABZ) compared side by side. Their daily returns move loosely together (correlation 0.55 across 81 shared trading days). LABZ has been the more volatile of the two, at 140% annualised against BZR's 86%.
BZRLABZ
0.55over 81 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 | BZR | LABZ |
|---|---|---|
| Max drawdown (400d) | -41.0% | -70.9% |
| Risk-adjusted return (90d) | 0.36 | -0.42 |
Relative strength over 90 days: BZR outperformed LABZ by 183.8% — measured on the BZR/LABZ ratio, so it holds regardless of market direction.