ORDI (ORDI) is 31.0× the size of Nacho the Kat (NACHO) by market capitalisation. Over the past 1 year, ORDI is ahead by 46.8 percentage points (NACHO -62.1% against ORDI -15.3%). Their daily returns move barely together (correlation 0.19 across 364 shared trading days). Both have run at a similar volatility, around 178% annualised.
NACHOORDI
0.19over 364 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 | NACHO | ORDI |
|---|---|---|
| Max drawdown (400d) | -88.3% | -75.7% |
| Risk-adjusted return (90d) | 0.27 | 0.01 |
| Best 30 days (past year) | — | +216.7% |
| Worst 30 days (past year) | — | -49.7% |
Relative strength over 90 days: NACHO outperformed ORDI by 25.3% — measured on the NACHO/ORDI ratio, so it holds regardless of market direction.