CASINU (CASINU) and Bordrless (BORDR) compared side by side. Over the past 30 days, CASINU is ahead by 61.4 percentage points (CASINU -38.1% against BORDR -99.5%). Their daily returns move barely together (correlation 0.13 across 33 shared trading days). CASINU has been the more volatile of the two, at 6693% annualised against BORDR's 944%.
CASINUBORDR
0.13over 33 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 | CASINU | BORDR |
|---|---|---|
| Max drawdown (400d) | -97.4% | -99.8% |
| Risk-adjusted return (90d) | -0.01 | -0.10 |
Relative strength over 90 days: CASINU outperformed BORDR by 1961.6% — measured on the CASINU/BORDR ratio, so it holds regardless of market direction.