Clashworld (CWD) and Bordrless (BORDR) compared side by side. Over the past 30 days, CWD is ahead by 50.3 percentage points (CWD -49.2% against BORDR -99.5%). Their daily returns move barely together (correlation 0.29 across 35 shared trading days). BORDR has been the more volatile of the two, at 944% annualised against CWD's 426%.
CWDBORDR
0.29over 35 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 | CWD | BORDR |
|---|---|---|
| Max drawdown (400d) | -82.7% | -99.8% |
| Risk-adjusted return (90d) | -0.16 | -0.10 |
Relative strength over 90 days: CWD outperformed BORDR by 738.0% — measured on the CWD/BORDR ratio, so it holds regardless of market direction.