DucatusX vs THAT

THAT (THAT) is 3.4× the size of DucatusX (DUCX) by market capitalisation. Over the past 30 days, THAT is ahead by 18.8 percentage points (DUCX -20.5% against THAT -1.7%). Their daily returns move barely in opposite directions (correlation -0.30 across 30 shared trading days). THAT has been the more volatile of the two, at 56% annualised against DUCX's 26%.

Correlation: -0.30
Size ratio: 1 : 3.4
Ahead over 30 days: THAT

DucatusXDUCX

$0.003893

24h: -0.43%
Market cap: $1.08M
Volume 24h: $29,860
Volatility (ann.): 26%

THATTHAT

$0.002351

24h: -2.61%
Market cap: $3.72M
Volume 24h: $12,653
Volatility (ann.): 56%

DUCX 22.5%Share of the two combined market caps77.5% THAT

Performance

DUCXTHAT

7 days-5.83%+5.93%THAT
30 days-20.52%-1.73%THAT

Correlation

-0.30over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3090d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	DUCX	THAT
Max drawdown (400d)	-20.8%	-10.8%
Risk-adjusted return (90d)	-0.79	0.12

Relative strength over 90 days: THAT outperformed DUCX by 25.6% — measured on the DUCX/THAT ratio, so it holds regardless of market direction.

DucatusX →THAT →