ConstitutionDAO (PEOPLE) is 4.5× the size of Hunter Biden's Laptop (LAPTOP) by market capitalisation. Their daily returns move loosely together (correlation 0.53 across 21 shared trading days). LAPTOP has been the more volatile of the two, at 195% annualised against PEOPLE's 105%.
$0.043114
PEOPLELAPTOP
0.53over 21 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 | PEOPLE | LAPTOP |
|---|---|---|
| Max drawdown (400d) | -72.8% | -60.9% |
| Risk-adjusted return (90d) | -0.08 | -0.30 |
| Best 30 days (past year) | +113.5% | — |
| Worst 30 days (past year) | -45.4% | — |
Relative strength over 90 days: PEOPLE outperformed LAPTOP by 71.4% — measured on the PEOPLE/LAPTOP ratio, so it holds regardless of market direction.