Make Robins Great Again (MRGA) and CROCAT (CROCAT) compared side by side. Over the past 30 days, MRGA is ahead by 17.1 percentage points (MRGA -52.7% against CROCAT -69.8%). Their daily returns move barely together (correlation 0.08 across 26 shared trading days). CROCAT has been the more volatile of the two, at 41154% annualised against MRGA's 150%.
MRGACROCAT
0.08over 26 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 | MRGA | CROCAT |
|---|---|---|
| Max drawdown (400d) | -58.1% | -99.6% |
| Risk-adjusted return (90d) | -0.35 | 0.00 |
Relative strength over 90 days: CROCAT outperformed MRGA by 88.7% — measured on the MRGA/CROCAT ratio, so it holds regardless of market direction.