Genius (GENIUS) is 32215.6× the size of Grail (GRAIL) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 27 shared trading days). GRAIL has been the more volatile of the two, at 2629% annualised against GENIUS's 97%.
GRAILGENIUS
0.22over 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 | GRAIL | GENIUS |
|---|---|---|
| Max drawdown (400d) | -82.6% | -61.7% |
| Risk-adjusted return (90d) | -0.01 | -0.04 |
Relative strength over 90 days: GENIUS outperformed GRAIL by 13.2% — measured on the GRAIL/GENIUS ratio, so it holds regardless of market direction.