Render (RENDER) is 99797.0× the size of Magnus Opus by Virtuals (MAGNUS) by market capitalisation. Their daily returns move closely together (correlation 0.63 across 183 shared trading days). MAGNUS has been the more volatile of the two, at 137% annualised against RENDER's 95%.
MAGNUSRENDER
0.63over 183 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 | MAGNUS | RENDER |
|---|---|---|
| Max drawdown (400d) | -72.0% | -66.8% |
| Risk-adjusted return (90d) | -0.31 | 0.26 |
| Best 30 days (past year) | — | +82.4% |
| Worst 30 days (past year) | — | -49.7% |
Relative strength over 90 days: RENDER outperformed MAGNUS by 33.7% — measured on the MAGNUS/RENDER ratio, so it holds regardless of market direction.