Gods Unchained (GODS) is 319.6× the size of King’s Casino (CHIPS) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 180 shared trading days). CHIPS has been the more volatile of the two, at 155% annualised against GODS's 98%.
CHIPSGODS
0.17over 180 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 | CHIPS | GODS |
|---|---|---|
| Max drawdown (400d) | -92.9% | -83.1% |
| Risk-adjusted return (90d) | -0.13 | -0.17 |
| Best 30 days (past year) | — | +25.9% |
| Worst 30 days (past year) | — | -40.3% |
Relative strength over 90 days: CHIPS outperformed GODS by 15.6% — measured on the CHIPS/GODS ratio, so it holds regardless of market direction.