Grass (GRASS) is 396.3× the size of Clore.ai (CLORE) by market capitalisation. Their daily returns move closely together (correlation 0.80 across 35 shared trading days). GRASS has been the more volatile of the two, at 213% annualised against CLORE's 95%.
CLOREGRASS
0.80over 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 | CLORE | GRASS |
|---|---|---|
| Max drawdown (400d) | -94.9% | -25.3% |
| Risk-adjusted return (90d) | 0.85 | 0.35 |
Relative strength over 90 days: CLORE outperformed GRASS by 67.0% — measured on the CLORE/GRASS ratio, so it holds regardless of market direction.