MUSWORLD (MUSEWORLD) and Aero (AERO) compared side by side. Their daily returns move barely together (correlation 0.14 across 33 shared trading days). MUSEWORLD has been the more volatile of the two, at 466% annualised against AERO's 100%.
MUSEWORLDAERO
0.14over 33 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 | MUSEWORLD | AERO |
|---|---|---|
| Max drawdown (400d) | -90.0% | -42.3% |
| Risk-adjusted return (90d) | -0.18 | 0.30 |
Relative strength over 90 days: AERO outperformed MUSEWORLD by 81.3% — measured on the MUSEWORLD/AERO ratio, so it holds regardless of market direction.