Mike Tomlin's Minecraft City (MINECRAFT) and Achi (ACH) compared side by side. Their daily returns move barely together (correlation 0.15 across 24 shared trading days). MINECRAFT has been the more volatile of the two, at 419% annualised against ACH's 74%.
$7.550e-6
MINECRAFTACH
0.15over 24 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 | MINECRAFT | ACH |
|---|---|---|
| Max drawdown (400d) | -92.6% | -72.6% |
| Risk-adjusted return (90d) | -0.22 | -0.04 |
| Best 30 days (past year) | — | +62.8% |
| Worst 30 days (past year) | — | -41.8% |
Relative strength over 90 days: ACH outperformed MINECRAFT by 88.9% — measured on the MINECRAFT/ACH ratio, so it holds regardless of market direction.