Genius (GENIUS) is 12070.7× the size of Ocula (OCULA) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 34 shared trading days). OCULA has been the more volatile of the two, at 305% annualised against GENIUS's 95%.
OCULAGENIUS
0.22over 34 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 | OCULA | GENIUS |
|---|---|---|
| Max drawdown (400d) | -88.1% | -61.7% |
| Risk-adjusted return (90d) | -0.27 | -0.15 |
Relative strength over 90 days: GENIUS outperformed OCULA by 82.0% — measured on the OCULA/GENIUS ratio, so it holds regardless of market direction.