Official Trump (TRUMP) is 6498.9× the size of el gato (ELGATO) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.11 across 35 shared trading days). ELGATO has been the more volatile of the two, at 127% annualised against TRUMP's 97%.
ELGATOTRUMP
-0.11over 35 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 | ELGATO | TRUMP |
|---|---|---|
| Max drawdown (400d) | -53.7% | -85.7% |
| Risk-adjusted return (90d) | -0.42 | -0.11 |
| Best 30 days (past year) | — | +87.1% |
| Worst 30 days (past year) | — | -42.0% |
Relative strength over 90 days: TRUMP outperformed ELGATO by 24.7% — measured on the ELGATO/TRUMP ratio, so it holds regardless of market direction.