Hopium (HOPIUM) and Arc Inu (AI) compared side by side. Their daily returns move barely in opposite directions (correlation -0.00 across 22 shared trading days). AI has been the more volatile of the two, at 324% annualised against HOPIUM's 82%.
HOPIUMAI
-0.00over 22 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 | HOPIUM | AI |
|---|---|---|
| Max drawdown (400d) | -32.3% | -68.6% |
| Risk-adjusted return (90d) | -0.39 | -0.20 |
Relative strength over 90 days: HOPIUM outperformed AI by 28.1% — measured on the HOPIUM/AI ratio, so it holds regardless of market direction.