Open Campus (EDU) is 265.8× the size of Edu3Labs (NFE) by market capitalisation. Over the past 1 year, NFE is ahead by 3.8 percentage points (NFE -63.5% against EDU -67.3%). Their daily returns move barely together (correlation 0.08 across 363 shared trading days). NFE has been the more volatile of the two, at 230% annualised against EDU's 126%.
NFEEDU
0.08over 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 | NFE | EDU |
|---|---|---|
| Max drawdown (400d) | -84.9% | -87.8% |
| Risk-adjusted return (90d) | 0.10 | 0.66 |
| Best 30 days (past year) | — | +70.0% |
| Worst 30 days (past year) | — | -55.0% |
Relative strength over 90 days: EDU outperformed NFE by 33.0% — measured on the NFE/EDU ratio, so it holds regardless of market direction.