Gossip Goblin (GOBLIN) and Bordrless (BORDR) compared side by side. Over the past 30 days, GOBLIN is ahead by 123.4 percentage points (GOBLIN +23.9% against BORDR -99.5%). Their daily returns move barely together (correlation 0.31 across 23 shared trading days). GOBLIN has been the more volatile of the two, at 4664% annualised against BORDR's 944%.
GOBLINBORDR
0.31over 23 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 | GOBLIN | BORDR |
|---|---|---|
| Max drawdown (400d) | -82.5% | -99.8% |
| Risk-adjusted return (90d) | 0.01 | -0.10 |
Relative strength over 90 days: GOBLIN outperformed BORDR by 19311.7% — measured on the GOBLIN/BORDR ratio, so it holds regardless of market direction.