Elephant Money (TRUNK) vs Nest BlackOpal LiquidStone II Vault

Nest BlackOpal LiquidStone II Vault (NOPAL) is 27.9× the size of Elephant Money (TRUNK) (TRUNK) by market capitalisation. Over the past 30 days, NOPAL is ahead by 5.0 percentage points (TRUNK -3.7% against NOPAL +1.3%). Their daily returns move barely together (correlation 0.10 across 32 shared trading days). TRUNK has been the more volatile of the two, at 16% annualised against NOPAL's 2%.

Correlation: 0.10
Size ratio: 1 : 27.9
Ahead over 30 days: NOPAL

Elephant Money (TRUNK)TRUNK

$0.033342

24h: -0.00%
Market cap: $4.16M
Volume 24h: $5,610
Volatility (ann.): 16%

Nest BlackOpal LiquidStone II VaultNOPAL

$1.1100

24h: +0.04%
Market cap: $116.13M
Volume 24h: —
Volatility (ann.): 2%

TRUNK 3.5%Share of the two combined market caps96.5% NOPAL

Performance

TRUNKNOPAL

7 days-4.11%+0.00%NOPAL
30 days-3.71%+1.28%NOPAL

Correlation

0.10over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	TRUNK	NOPAL
Max drawdown (400d)	-4.9%	0.0%
Risk-adjusted return (90d)	-0.16	0.82

Relative strength over 90 days: NOPAL outperformed TRUNK by 4.3% — measured on the TRUNK/NOPAL ratio, so it holds regardless of market direction.

Elephant Money (TRUNK) →Nest BlackOpal LiquidStone II Vault →