Bonfida (FIDA) is 910.2× the size of DPRating (RATING) by market capitalisation. Over the past 1 year, FIDA is ahead by 18.1 percentage points (RATING -85.0% against FIDA -66.9%). Their daily returns move barely together (correlation 0.02 across 363 shared trading days). RATING has been the more volatile of the two, at 166% annualised against FIDA's 125%.
RATINGFIDA
0.02over 363 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 | RATING | FIDA |
|---|---|---|
| Max drawdown (400d) | -94.6% | -85.4% |
| Risk-adjusted return (90d) | -0.45 | -0.19 |
| Best 30 days (past year) | — | +147.3% |
| Worst 30 days (past year) | — | -53.4% |
Relative strength over 90 days: FIDA outperformed RATING by 92.6% — measured on the RATING/FIDA ratio, so it holds regardless of market direction.