Delivery Girl (DGIRL) and Aero (AERO) compared side by side. Their daily returns move barely in opposite directions (correlation -0.18 across 42 shared trading days). DGIRL has been the more volatile of the two, at 464% annualised against AERO's 101%.
DGIRLAERO
-0.18over 42 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 | DGIRL | AERO |
|---|---|---|
| Max drawdown (400d) | -70.2% | -50.4% |
| Risk-adjusted return (90d) | -0.04 | 0.15 |
Relative strength over 90 days: DGIRL outperformed AERO by 16.2% — measured on the DGIRL/AERO ratio, so it holds regardless of market direction.