NOVA (SN68) is 88.9× the size of GenomesDAO GENOME (GENOME) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 33 shared trading days). Both have run at a similar volatility, around 93% annualised.
GENOMESN68
0.26over 33 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 | GENOME | SN68 |
|---|---|---|
| Max drawdown (400d) | -58.7% | -18.3% |
| Risk-adjusted return (90d) | -0.52 | 0.16 |
Relative strength over 90 days: SN68 outperformed GENOME by 27.1% — measured on the GENOME/SN68 ratio, so it holds regardless of market direction.