King Of The Hill (KOTH) and Bordrless (BORDR) compared side by side. Over the past 30 days, KOTH is ahead by 57.1 percentage points (KOTH -42.6% against BORDR -99.7%). Their daily returns move barely together (correlation 0.26 across 34 shared trading days). KOTH has been the more volatile of the two, at 5641% annualised against BORDR's 919%.
KOTHBORDR
0.26over 34 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 | KOTH | BORDR |
|---|---|---|
| Max drawdown (400d) | -96.6% | -99.8% |
| Risk-adjusted return (90d) | 0.01 | -0.11 |
Relative strength over 90 days: KOTH outperformed BORDR by 168.4% — measured on the KOTH/BORDR ratio, so it holds regardless of market direction.