Compound (COMP) is 30.2× the size of Grove (GROVE) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 94 shared trading days). GROVE has been the more volatile of the two, at 247% annualised against COMP's 80%.
GROVECOMP
0.01over 94 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 | GROVE | COMP |
|---|---|---|
| Max drawdown (400d) | -82.9% | -65.4% |
| Risk-adjusted return (90d) | -0.28 | 0.28 |
| Best 30 days (past year) | — | +41.3% |
| Worst 30 days (past year) | — | -40.7% |
Relative strength over 90 days: COMP outperformed GROVE by 75.0% — measured on the GROVE/COMP ratio, so it holds regardless of market direction.