AVA (Travala) (AVA) is 10.5× the size of Epic Chain (EPIC) by market capitalisation. Over the past 1 year, AVA is ahead by 38.0 percentage points (AVA -14.1% against EPIC -52.1%). Their daily returns move barely together (correlation 0.27 across 375 shared trading days). EPIC has been the more volatile of the two, at 168% annualised against AVA's 120%.
AVAEPIC
0.27over 375 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 | AVA | EPIC |
|---|---|---|
| Max drawdown (400d) | -72.4% | -89.7% |
| Risk-adjusted return (90d) | 0.30 | 0.07 |
| Best 30 days (past year) | +89.0% | +276.0% |
| Worst 30 days (past year) | -42.0% | -67.3% |
Relative strength over 90 days: AVA outperformed EPIC by 26.2% — measured on the AVA/EPIC ratio, so it holds regardless of market direction.