TROLL (TROLL) is 1331.9× the size of MMM (MMM) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 22 shared trading days). TROLL has been the more volatile of the two, at 195% annualised against MMM's 143%.
MMMTROLL
0.46over 22 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 | MMM | TROLL |
|---|---|---|
| Max drawdown (400d) | -57.9% | -61.0% |
| Risk-adjusted return (90d) | -0.10 | -0.21 |
Relative strength over 90 days: MMM outperformed TROLL by 43.4% — measured on the MMM/TROLL ratio, so it holds regardless of market direction.