Filecoin (FIL) is 6868.8× the size of The Game Company (GMRT) by market capitalisation. Over the past 1 year, FIL is ahead by 61.4 percentage points (GMRT -97.7% against FIL -36.3%). Their daily returns move barely in opposite directions (correlation -0.01 across 366 shared trading days). GMRT has been the more volatile of the two, at 669% annualised against FIL's 125%.
GMRTFIL
-0.01over 366 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 | GMRT | FIL |
|---|---|---|
| Max drawdown (400d) | -100.0% | -81.4% |
| Risk-adjusted return (90d) | -0.11 | 0.23 |
| Best 30 days (past year) | +2074.3% | +66.2% |
| Worst 30 days (past year) | -99.0% | -57.1% |
Relative strength over 90 days: FIL outperformed GMRT by 99.9% — measured on the GMRT/FIL ratio, so it holds regardless of market direction.