Meter Governance (MTRG) and Stacks (STX) compared side by side. Over the past 1 year, STX is ahead by 100.2 percentage points (MTRG -98.9% against STX +1.3%). Their daily returns move barely together (correlation 0.07 across 362 shared trading days). MTRG has been the more volatile of the two, at 125% annualised against STX's 94%.
MTRGSTX
0.07over 362 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 | MTRG | STX |
|---|---|---|
| Max drawdown (400d) | -98.9% | -80.9% |
| Risk-adjusted return (90d) | -0.46 | 1.48 |
| Best 30 days (past year) | — | +120.9% |
| Worst 30 days (past year) | — | -35.3% |
Relative strength over 90 days: STX outperformed MTRG by 94.5% — measured on the MTRG/STX ratio, so it holds regardless of market direction.