GoPlus Security (GPS) is 42.8× the size of Hacken (HAI) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 107 shared trading days). HAI has been the more volatile of the two, at 963% annualised against GPS's 143%.
HAIGPS
0.01over 107 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 | HAI | GPS |
|---|---|---|
| Max drawdown (400d) | -84.8% | -69.1% |
| Risk-adjusted return (90d) | -0.01 | -0.06 |
| Best 30 days (past year) | — | +129.2% |
| Worst 30 days (past year) | — | -43.5% |
Relative strength over 90 days: HAI outperformed GPS by 5.8% — measured on the HAI/GPS ratio, so it holds regardless of market direction.