Ski Mask Dog (SKI) is 25.2× the size of Feed The World (FW) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 27 shared trading days). SKI has been the more volatile of the two, at 192% annualised against FW's 95%.
FWSKI
0.17over 27 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 | FW | SKI |
|---|---|---|
| Max drawdown (400d) | -61.0% | -53.1% |
| Risk-adjusted return (90d) | -0.13 | -0.22 |
Relative strength over 90 days: FW outperformed SKI by 36.0% — measured on the FW/SKI ratio, so it holds regardless of market direction.