MegPrime (MPP) and Zebec Network (ZBCN) compared side by side. Over the past 30 days, ZBCN is ahead by 10.7 percentage points (MPP -0.4% against ZBCN +10.3%). Their daily returns move barely in opposite directions (correlation -0.03 across 20 shared trading days). ZBCN has been the more volatile of the two, at 105% annualised against MPP's 1%.
MPPZBCN
-0.03over 20 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 | MPP | ZBCN |
|---|---|---|
| Max drawdown (400d) | -0.4% | -20.8% |
| Risk-adjusted return (90d) | -0.35 | 0.24 |
Relative strength over 90 days: MPP outperformed ZBCN by 12.4% — measured on the MPP/ZBCN ratio, so it holds regardless of market direction.