DigiHealth (DGH) and Cardio (CARDIO) compared side by side. Over the past 30 days, CARDIO is ahead by 32.2 percentage points (DGH -22.2% against CARDIO +10.0%). Their daily returns move barely together (correlation 0.14 across 34 shared trading days). DGH has been the more volatile of the two, at 207% annualised against CARDIO's 171%.
DGHCARDIO
0.14over 34 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 | DGH | CARDIO |
|---|---|---|
| Max drawdown (400d) | -50.3% | -31.9% |
| Risk-adjusted return (90d) | -0.15 | 0.08 |
Relative strength over 90 days: CARDIO outperformed DGH by 39.6% — measured on the DGH/CARDIO ratio, so it holds regardless of market direction.