ChainGPT (CGPT) is 31859.2× the size of EvoSimGame (ESIM) by market capitalisation. Their daily returns move barely together (correlation 0.06 across 22 shared trading days). ESIM has been the more volatile of the two, at 119% annualised against CGPT's 92%.
ESIMCGPT
0.06over 22 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 | ESIM | CGPT |
|---|---|---|
| Max drawdown (400d) | -30.4% | -79.1% |
| Risk-adjusted return (90d) | -0.22 | -0.09 |
| Best 30 days (past year) | — | +101.1% |
| Worst 30 days (past year) | — | -50.4% |
Relative strength over 90 days: CGPT outperformed ESIM by 6.9% — measured on the ESIM/CGPT ratio, so it holds regardless of market direction.