Brett (BRETT) is 850.2× the size of Matt Furie's Boys Club (BOYSCLUB) by market capitalisation. Their daily returns move loosely together (correlation 0.53 across 33 shared trading days). BOYSCLUB has been the more volatile of the two, at 150% annualised against BRETT's 100%.
BOYSCLUBBRETT
0.53over 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 | BOYSCLUB | BRETT |
|---|---|---|
| Max drawdown (400d) | -83.0% | -31.9% |
| Risk-adjusted return (90d) | -0.58 | -0.04 |
Relative strength over 90 days: BRETT outperformed BOYSCLUB by 26.3% — measured on the BOYSCLUB/BRETT ratio, so it holds regardless of market direction.