Genius (GENIUS) is 4164.6× the size of Helio (HELIO) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.05 across 33 shared trading days). GENIUS has been the more volatile of the two, at 95% annualised against HELIO's 48%.
HELIOGENIUS
-0.05over 33 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 | HELIO | GENIUS |
|---|---|---|
| Max drawdown (400d) | -26.6% | -61.7% |
| Risk-adjusted return (90d) | -0.49 | -0.15 |
Relative strength over 90 days: GENIUS outperformed HELIO by 19.8% — measured on the HELIO/GENIUS ratio, so it holds regardless of market direction.