SynFutures (F) is 1.1× the size of Blur (BLUR) by market capitalisation. Over the past 1 year, F is ahead by 5.2 percentage points (BLUR -81.6% against F -76.4%). Their daily returns move barely together (correlation 0.33 across 376 shared trading days). Both have run at a similar volatility, around 111% annualised.
BLURF
0.33over 376 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 | BLUR | F |
|---|---|---|
| Max drawdown (400d) | -90.8% | -87.9% |
| Risk-adjusted return (90d) | -0.41 | -0.02 |
| Best 30 days (past year) | +78.9% | +88.0% |
| Worst 30 days (past year) | -65.4% | -46.3% |
Relative strength over 90 days: F outperformed BLUR by 42.7% — measured on the BLUR/F ratio, so it holds regardless of market direction.