insta.fan (INSTA) and Bordrless (BORDR) compared side by side. Over the past 30 days, INSTA is ahead by 46.7 percentage points (INSTA -53.2% against BORDR -99.8%). Their daily returns move barely together (correlation 0.06 across 25 shared trading days). BORDR has been the more volatile of the two, at 907% annualised against INSTA's 69%.
INSTABORDR
0.06over 25 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 | INSTA | BORDR |
|---|---|---|
| Max drawdown (400d) | -59.4% | -99.8% |
| Risk-adjusted return (90d) | -0.86 | -0.11 |
Relative strength over 90 days: INSTA outperformed BORDR by 1590.0% — measured on the INSTA/BORDR ratio, so it holds regardless of market direction.