NUTFLEX (NUTFLEX) and Achi (ACH) compared side by side. Their daily returns move barely in opposite directions (correlation -0.01 across 35 shared trading days). NUTFLEX has been the more volatile of the two, at 829% annualised against ACH's 75%.
NUTFLEXACH
-0.01over 35 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 | NUTFLEX | ACH |
|---|---|---|
| Max drawdown (400d) | -59.1% | -72.3% |
| Risk-adjusted return (90d) | 0.18 | 0.05 |
| Best 30 days (past year) | — | +62.8% |
| Worst 30 days (past year) | — | -41.8% |
Relative strength over 90 days: NUTFLEX outperformed ACH by 250.0% — measured on the NUTFLEX/ACH ratio, so it holds regardless of market direction.