SuperWalk GRND (GRND) is 13.3× the size of Moonwalk Fitness (MF) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 31 shared trading days). MF has been the more volatile of the two, at 98% annualised against GRND's 53%.
MFGRND
0.13over 31 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 | MF | GRND |
|---|---|---|
| Max drawdown (400d) | -69.6% | -7.3% |
| Risk-adjusted return (90d) | -0.65 | 0.10 |
Relative strength over 90 days: GRND outperformed MF by 34.3% — measured on the MF/GRND ratio, so it holds regardless of market direction.