Orbio Credit (CREDIT) and torch (TORCH) compared side by side. Over the past 30 days, CREDIT is ahead by 45.3 percentage points (CREDIT +58.7% against TORCH +13.4%). Their daily returns move barely together (correlation 0.08 across 32 shared trading days). TORCH has been the more volatile of the two, at 1536614% annualised against CREDIT's 180%.
CREDITTORCH
0.08over 32 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 | CREDIT | TORCH |
|---|---|---|
| Max drawdown (400d) | -53.6% | -100.0% |
| Risk-adjusted return (90d) | -0.13 | 0.00 |
Relative strength over 90 days: TORCH outperformed CREDIT by 33.9% — measured on the CREDIT/TORCH ratio, so it holds regardless of market direction.