Grass (GRASS) is 43.6× the size of Bluwhale (BLUAI) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.08 across 45 shared trading days). Both have run at a similar volatility, around 209% annualised.
BLUAIGRASS
-0.08over 45 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 | BLUAI | GRASS |
|---|---|---|
| Max drawdown (400d) | -86.8% | -25.3% |
| Risk-adjusted return (90d) | -0.22 | 0.36 |
Relative strength over 90 days: GRASS outperformed BLUAI by 65.6% — measured on the BLUAI/GRASS ratio, so it holds regardless of market direction.