Render (RENDER) is 16735.2× the size of GNY (GNY) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 112 shared trading days). GNY has been the more volatile of the two, at 154% annualised against RENDER's 95%.
GNYRENDER
0.31over 112 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 | GNY | RENDER |
|---|---|---|
| Max drawdown (400d) | -96.1% | -66.8% |
| Risk-adjusted return (90d) | -0.59 | 0.26 |
| Best 30 days (past year) | — | +82.4% |
| Worst 30 days (past year) | — | -49.7% |
Relative strength over 90 days: RENDER outperformed GNY by 93.2% — measured on the GNY/RENDER ratio, so it holds regardless of market direction.