Grass (GRASS) is 97.7× the size of Edge (EDGE) by market capitalisation. Over the past 30 days, GRASS is ahead by 11.3 percentage points (EDGE +61.2% against GRASS +72.4%). Their daily returns move loosely together (correlation 0.41 across 31 shared trading days). Both have run at a similar volatility, around 208% annualised.
EDGEGRASS
0.41over 31 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 | EDGE | GRASS |
|---|---|---|
| Max drawdown (400d) | -17.6% | -25.3% |
| Risk-adjusted return (90d) | 0.34 | 0.35 |
Relative strength over 90 days: EDGE outperformed GRASS by 7.8% — measured on the EDGE/GRASS ratio, so it holds regardless of market direction.