Holoworld (HOLO) is 5.1× the size of Newton Protocol (NEWT) by market capitalisation. Over the past 1 year, HOLO is ahead by 15.9 percentage points (NEWT -64.4% against HOLO -48.5%). Their daily returns move closely together (correlation 0.62 across 399 shared trading days). HOLO has been the more volatile of the two, at 102% annualised against NEWT's 78%.
NEWTHOLO
0.62over 399 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 | NEWT | HOLO |
|---|---|---|
| Max drawdown (400d) | -82.8% | -78.0% |
| Risk-adjusted return (90d) | 0.15 | -0.23 |
| Best 30 days (past year) | +25.9% | +60.2% |
| Worst 30 days (past year) | -40.8% | -35.0% |
Relative strength over 90 days: NEWT outperformed HOLO by 34.4% — measured on the NEWT/HOLO ratio, so it holds regardless of market direction.