Blur (BLUR) is 1078.1× the size of Gifts Strategy (GIFTSTR) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 27 shared trading days). BLUR has been the more volatile of the two, at 114% annualised against GIFTSTR's 75%.
GIFTSTRBLUR
0.31over 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 | GIFTSTR | BLUR |
|---|---|---|
| Max drawdown (400d) | -25.7% | -90.7% |
| Risk-adjusted return (90d) | -0.31 | -0.42 |
| Best 30 days (past year) | — | +78.9% |
| Worst 30 days (past year) | — | -65.4% |
Relative strength over 90 days: GIFTSTR outperformed BLUR by 117.4% — measured on the GIFTSTR/BLUR ratio, so it holds regardless of market direction.