KelVPN (KEL) and GameCow (GCOW) compared side by side. Over the past 30 days, KEL is ahead by 33.7 percentage points (KEL -2.4% against GCOW -36.1%). Their daily returns move barely together (correlation 0.02 across 26 shared trading days). KEL has been the more volatile of the two, at 171% annualised against GCOW's 96%.
KELGCOW
0.02over 26 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 | KEL | GCOW |
|---|---|---|
| Max drawdown (400d) | -36.4% | -45.8% |
| Risk-adjusted return (90d) | -0.01 | -0.38 |
Relative strength over 90 days: KEL outperformed GCOW by 0.5% — measured on the KEL/GCOW ratio, so it holds regardless of market direction.