Mt Pelerin Shares vs SwissBorg

SwissBorg (BORG) is 57.7× the size of Mt Pelerin Shares (MPS) by market capitalisation. Over the past 30 days, MPS is ahead by 5.5 percentage points (MPS -3.7% against BORG -9.3%). Their daily returns move barely together (correlation 0.19 across 31 shared trading days). MPS has been the more volatile of the two, at 237% annualised against BORG's 65%.

Correlation: 0.19
Size ratio: 1 : 57.7
Ahead over 30 days: MPS

Mt Pelerin SharesMPS

$5.2000

24h: -6.89%
Market cap: $2.60M
Volume 24h: $156
Volatility (ann.): 237%

SwissBorgBORG

$0.152830

24h: -1.03%
Market cap: $149.93M
Volume 24h: $243,152
Volatility (ann.): 65%

MPS 1.7%Share of the two combined market caps98.3% BORG

Performance

MPSBORG

7 days+7.58%+1.15%MPS
30 days-3.73%-9.28%MPS

Correlation

0.19over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	MPS	BORG
Max drawdown (400d)	-42.3%	-19.8%
Risk-adjusted return (90d)	0.06	0.15

Relative strength over 90 days: MPS outperformed BORG by 35.0% — measured on the MPS/BORG ratio, so it holds regardless of market direction.

Mt Pelerin Shares →SwissBorg →