AWE Network (AWE) is 2.7× the size of Holoworld (HOLO) by market capitalisation. Over the past 1 year, AWE is ahead by 46.2 percentage points (HOLO -48.5% against AWE -2.3%). Their daily returns move barely together (correlation 0.27 across 399 shared trading days). HOLO has been the more volatile of the two, at 102% annualised against AWE's 84%.
HOLOAWE
0.27over 399 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 | HOLO | AWE |
|---|---|---|
| Max drawdown (400d) | -78.0% | -60.1% |
| Risk-adjusted return (90d) | -0.23 | 0.20 |
| Best 30 days (past year) | +60.2% | +87.1% |
| Worst 30 days (past year) | -35.0% | -46.6% |
Relative strength over 90 days: AWE outperformed HOLO by 28.0% — measured on the HOLO/AWE ratio, so it holds regardless of market direction.