Dexsport (DESU) is 1.1× the size of Opinion (OPN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.24 across 41 shared trading days). OPN has been the more volatile of the two, at 170% annualised against DESU's 125%.
DESUOPN
-0.24over 41 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 | DESU | OPN |
|---|---|---|
| Max drawdown (400d) | -9.0% | -88.8% |
| Risk-adjusted return (90d) | 0.16 | -0.20 |
Relative strength over 90 days: DESU outperformed OPN by 60.1% — measured on the DESU/OPN ratio, so it holds regardless of market direction.