Electric Vehicle Direct Currency (EVDC) and Insane Labz (Base) (LABZ) compared side by side. Their daily returns move barely together (correlation 0.05 across 81 shared trading days). LABZ has been the more volatile of the two, at 140% annualised against EVDC's 44%.
$2.215e-5
EVDCLABZ
0.05over 81 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 | EVDC | LABZ |
|---|---|---|
| Max drawdown (400d) | -46.5% | -70.9% |
| Risk-adjusted return (90d) | 0.42 | -0.42 |
Relative strength over 90 days: EVDC outperformed LABZ by 41.7% — measured on the EVDC/LABZ ratio, so it holds regardless of market direction.