Fusionist (ACE) is 7608.1× the size of Legends of Elysium (LOE) by market capitalisation. Over the past 1 year, ACE is ahead by 54.1 percentage points (LOE -99.2% against ACE -45.1%). Their daily returns move barely together (correlation 0.06 across 365 shared trading days). Both have run at a similar volatility, around 195% annualised.
LOEACE
0.06over 365 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 | LOE | ACE |
|---|---|---|
| Max drawdown (400d) | -99.2% | -87.1% |
| Risk-adjusted return (90d) | -0.27 | 0.06 |
| Best 30 days (past year) | — | +260.6% |
| Worst 30 days (past year) | — | -43.3% |
Relative strength over 90 days: ACE outperformed LOE by 90.4% — measured on the LOE/ACE ratio, so it holds regardless of market direction.