Shiba Inu (SHIB) is 25328.1× the size of GMFAM (GMFAM) by market capitalisation. Their daily returns move closely together (correlation 0.67 across 190 shared trading days). GMFAM has been the more volatile of the two, at 82% annualised against SHIB's 69%.
GMFAMSHIB
0.67over 190 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 | GMFAM | SHIB |
|---|---|---|
| Max drawdown (400d) | -51.4% | -68.0% |
| Risk-adjusted return (90d) | 0.14 | 0.01 |
| Best 30 days (past year) | — | +39.1% |
| Worst 30 days (past year) | — | -38.4% |
Relative strength over 90 days: GMFAM outperformed SHIB by 31.4% — measured on the GMFAM/SHIB ratio, so it holds regardless of market direction.