discat (DISCAT) and Bordrless (BORDR) compared side by side. Over the past 30 days, DISCAT is ahead by 90.2 percentage points (DISCAT -9.2% against BORDR -99.5%). Their daily returns move barely together (correlation 0.17 across 20 shared trading days). BORDR has been the more volatile of the two, at 944% annualised against DISCAT's 333%.
DISCATBORDR
0.17over 20 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 | DISCAT | BORDR |
|---|---|---|
| Max drawdown (400d) | -44.3% | -99.8% |
| Risk-adjusted return (90d) | -0.03 | -0.10 |
Relative strength over 90 days: DISCAT outperformed BORDR by 686.4% — measured on the DISCAT/BORDR ratio, so it holds regardless of market direction.