Force (FRC) and SuperWalk GRND (GRND) compared side by side. Their daily returns move barely in opposite directions (correlation -0.27 across 31 shared trading days). GRND has been the more volatile of the two, at 53% annualised against FRC's 21%.
FRCGRND
-0.27over 31 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 | FRC | GRND |
|---|---|---|
| Max drawdown (400d) | -10.8% | -7.3% |
| Risk-adjusted return (90d) | 0.56 | 0.10 |
Relative strength over 90 days: FRC outperformed GRND by 1.9% — measured on the FRC/GRND ratio, so it holds regardless of market direction.