Gnome Child (GNOME) and Bordrless (BORDR) compared side by side. Over the past 30 days, GNOME is ahead by 25.3 percentage points (GNOME -74.2% against BORDR -99.5%). Their daily returns move barely in opposite directions (correlation -0.18 across 25 shared trading days). GNOME has been the more volatile of the two, at 6485% annualised against BORDR's 944%.
GNOMEBORDR
-0.18over 25 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 | GNOME | BORDR |
|---|---|---|
| Max drawdown (400d) | -98.2% | -99.8% |
| Risk-adjusted return (90d) | -0.01 | -0.10 |
Relative strength over 90 days: GNOME outperformed BORDR by 994.6% — measured on the GNOME/BORDR ratio, so it holds regardless of market direction.