Highstreet (HIGH) and My Neighbor Alice (ALICE) compared side by side. Over the past 1 year, ALICE is ahead by 46.9 percentage points (HIGH -94.7% against ALICE -47.8%). Their daily returns move loosely together (correlation 0.38 across 373 shared trading days). HIGH has been the more volatile of the two, at 176% annualised against ALICE's 142%.
HIGHALICE
0.38over 373 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 | HIGH | ALICE |
|---|---|---|
| Max drawdown (400d) | -96.0% | -81.4% |
| Risk-adjusted return (90d) | -0.15 | 0.06 |
| Best 30 days (past year) | +136.1% | +55.9% |
| Worst 30 days (past year) | -81.8% | -41.4% |
Relative strength over 90 days: ALICE outperformed HIGH by 28.3% — measured on the HIGH/ALICE ratio, so it holds regardless of market direction.