Navigator by MetaWin vs Shuffle

Shuffle (SHFL) is 985.7× the size of Navigator by MetaWin (NAVI) by market capitalisation. Over the past 30 days, SHFL is ahead by 27.0 percentage points (NAVI -4.9% against SHFL +22.1%). Their daily returns move barely together (correlation 0.01 across 23 shared trading days). SHFL has been the more volatile of the two, at 171% annualised against NAVI's 16%.

Correlation: 0.01
Size ratio: 1 : 985.7
Ahead over 30 days: SHFL

Navigator by MetaWinNAVI

$1.830e-6

24h: +2.79%
Market cap: $182,889
Volume 24h: $823
Volatility (ann.): 16%

ShuffleSHFL

$0.359624

24h: -1.30%
Market cap: $180.27M
Volume 24h: $792,711
Volatility (ann.): 171%

NAVI 0.1%Share of the two combined market caps99.9% SHFL

Performance

NAVISHFL

7 days+0.77%-21.31%NAVI
30 days-4.90%+22.13%SHFL

Correlation

0.01over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	NAVI	SHFL
Max drawdown (400d)	-7.4%	-41.4%
Risk-adjusted return (90d)	-0.28	0.18

Relative strength over 90 days: NAVI outperformed SHFL by 33.7% — measured on the NAVI/SHFL ratio, so it holds regardless of market direction.

Navigator by MetaWin →Shuffle →