The Innovation Game (TIG) is 557.6× the size of Brain Worms (BWORM) by market capitalisation. Their daily returns move closely together (correlation 0.83 across 20 shared trading days). TIG has been the more volatile of the two, at 152% annualised against BWORM's 97%.
BWORMTIG
0.83over 20 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 | BWORM | TIG |
|---|---|---|
| Max drawdown (400d) | -64.1% | -46.1% |
| Risk-adjusted return (90d) | -0.03 | -0.18 |
Relative strength over 90 days: BWORM outperformed TIG by 22.7% — measured on the BWORM/TIG ratio, so it holds regardless of market direction.