Nina (ニーナ) and Bordrless (BORDR) compared side by side. Over the past 30 days, ニーナ is ahead by 16.2 percentage points (ニーナ -83.3% against BORDR -99.5%). Their daily returns move barely together (correlation 0.07 across 22 shared trading days). BORDR has been the more volatile of the two, at 944% annualised against ニーナ's 541%.
ニーナBORDR
0.07over 22 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 | ニーナ | BORDR |
|---|---|---|
| Max drawdown (400d) | -87.8% | -99.8% |
| Risk-adjusted return (90d) | -0.15 | -0.10 |
Relative strength over 90 days: ニーナ outperformed BORDR by 586.2% — measured on the ニーナ/BORDR ratio, so it holds regardless of market direction.