Brett (BRETT) is 1605.5× the size of LOUDER (LOUDER) by market capitalisation. Their daily returns move closely in opposite directions (correlation -0.62 across 33 shared trading days). LOUDER has been the more volatile of the two, at 432% annualised against BRETT's 103%.
LOUDERBRETT
-0.62over 33 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 | LOUDER | BRETT |
|---|---|---|
| Max drawdown (400d) | -84.4% | -36.6% |
| Risk-adjusted return (90d) | 0.18 | -0.14 |
Relative strength over 90 days: LOUDER outperformed BRETT by 359.5% — measured on the LOUDER/BRETT ratio, so it holds regardless of market direction.