Sentient (SENT) is 13703.8× the size of Elderglade (ELDE) by market capitalisation. Their daily returns move loosely together (correlation 0.54 across 34 shared trading days). Both have run at a similar volatility, around 123% annualised.
ELDESENT
0.54over 34 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 | ELDE | SENT |
|---|---|---|
| Max drawdown (400d) | -38.6% | -75.8% |
| Risk-adjusted return (90d) | -0.20 | 0.46 |
Relative strength over 90 days: SENT outperformed ELDE by 17.1% — measured on the ELDE/SENT ratio, so it holds regardless of market direction.