Hosico the Cat (HOSICO) and Bordrless (BORDR) compared side by side. Over the past 30 days, HOSICO is ahead by 82.6 percentage points (HOSICO -16.9% against BORDR -99.5%). Their daily returns move loosely together (correlation 0.47 across 21 shared trading days). BORDR has been the more volatile of the two, at 944% annualised against HOSICO's 79%.
HOSICOBORDR
0.47over 21 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 | HOSICO | BORDR |
|---|---|---|
| Max drawdown (400d) | -31.8% | -99.8% |
| Risk-adjusted return (90d) | -0.21 | -0.10 |
Relative strength over 90 days: HOSICO outperformed BORDR by 3279.3% — measured on the HOSICO/BORDR ratio, so it holds regardless of market direction.