eve (EVE) and SolonPad (SOLON) compared side by side. Over the past 30 days, SOLON is ahead by 22.9 percentage points (EVE -96.2% against SOLON -73.3%). Their daily returns move barely together (correlation 0.16 across 42 shared trading days). EVE has been the more volatile of the two, at 1692% annualised against SOLON's 454%.
EVESOLON
0.16over 42 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 | EVE | SOLON |
|---|---|---|
| Max drawdown (400d) | -98.3% | -77.8% |
| Risk-adjusted return (90d) | -0.05 | -0.13 |
Relative strength over 90 days: SOLON outperformed EVE by 55.3% — measured on the EVE/SOLON ratio, so it holds regardless of market direction.