Diablo Gold (DIABLO) and Cartoon Money (CBUCKS) compared side by side. Over the past 30 days, CBUCKS is ahead by 7415.5 percentage points (DIABLO -81.1% against CBUCKS +7334.3%). Their daily returns move barely together (correlation 0.13 across 21 shared trading days). CBUCKS has been the more volatile of the two, at 1185% annualised against DIABLO's 194%.
DIABLOCBUCKS
0.13over 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 | DIABLO | CBUCKS |
|---|---|---|
| Max drawdown (400d) | -81.1% | -36.0% |
| Risk-adjusted return (90d) | -0.42 | 6.41 |
Relative strength over 90 days: CBUCKS outperformed DIABLO by 99.4% — measured on the DIABLO/CBUCKS ratio, so it holds regardless of market direction.