Render (RENDER) is 18245.0× the size of NodelyAI ($NODE) by market capitalisation. Their daily returns move loosely together (correlation 0.35 across 169 shared trading days). $NODE has been the more volatile of the two, at 127% annualised against RENDER's 95%.
$NODERENDER
0.35over 169 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 | $NODE | RENDER |
|---|---|---|
| Max drawdown (400d) | -78.0% | -66.5% |
| Risk-adjusted return (90d) | 0.49 | 0.19 |
| Best 30 days (past year) | — | +82.4% |
| Worst 30 days (past year) | — | -49.7% |
Relative strength over 90 days: $NODE outperformed RENDER by 77.7% — measured on the $NODE/RENDER ratio, so it holds regardless of market direction.