Blur (BLUR) is 9.2× the size of Eesee (ESE) by market capitalisation. Over the past 1 year, ESE is ahead by 42.5 percentage points (ESE -39.3% against BLUR -81.9%). Their daily returns move barely together (correlation 0.06 across 372 shared trading days). ESE has been the more volatile of the two, at 271% annualised against BLUR's 114%.
ESEBLUR
0.06over 372 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 | ESE | BLUR |
|---|---|---|
| Max drawdown (400d) | -88.8% | -90.8% |
| Risk-adjusted return (90d) | -0.43 | -0.39 |
| Best 30 days (past year) | +563.6% | +78.9% |
| Worst 30 days (past year) | -62.3% | -65.4% |
Relative strength over 90 days: ESE outperformed BLUR by 23.7% — measured on the ESE/BLUR ratio, so it holds regardless of market direction.