Brett (BRETT) is 1351.1× the size of NAINCY (NAINCY) by market capitalisation. Their daily returns move loosely together (correlation 0.60 across 33 shared trading days). Both have run at a similar volatility, around 107% annualised.
NAINCYBRETT
0.60over 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 | NAINCY | BRETT |
|---|---|---|
| Max drawdown (400d) | -51.4% | -36.6% |
| Risk-adjusted return (90d) | -0.29 | -0.14 |
Relative strength over 90 days: BRETT outperformed NAINCY by 20.4% — measured on the NAINCY/BRETT ratio, so it holds regardless of market direction.