Brett (BRETT) is 1214.7× the size of Land Wu (LANDWU) by market capitalisation. Their daily returns move closely together (correlation 0.82 across 22 shared trading days). Both have run at a similar volatility, around 98% annualised.
LANDWUBRETT
0.82over 22 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 | LANDWU | BRETT |
|---|---|---|
| Max drawdown (400d) | -65.5% | -36.6% |
| Risk-adjusted return (90d) | -0.26 | -0.14 |
Relative strength over 90 days: LANDWU outperformed BRETT by 7.6% — measured on the LANDWU/BRETT ratio, so it holds regardless of market direction.