Gatto ($GATTO) and Bordrless (BORDR) compared side by side. Over the past 30 days, $GATTO is ahead by 189.6 percentage points ($GATTO +90.9% against BORDR -98.7%). Their daily returns move barely in opposite directions (correlation -0.23 across 28 shared trading days). $GATTO has been the more volatile of the two, at 2499% annualised against BORDR's 959%.
$GATTOBORDR
-0.23over 28 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 | $GATTO | BORDR |
|---|---|---|
| Max drawdown (400d) | -85.2% | -99.8% |
| Risk-adjusted return (90d) | 0.01 | -0.10 |
Relative strength over 90 days: $GATTO outperformed BORDR by 6360.2% — measured on the $GATTO/BORDR ratio, so it holds regardless of market direction.