Jupiter (JUP) is 9.5× the size of Orca (ORCA) by market capitalisation. Over the past 1 year, ORCA is ahead by 35.3 percentage points (ORCA +3.9% against JUP -31.3%). Their daily returns move loosely together (correlation 0.42 across 399 shared trading days). ORCA has been the more volatile of the two, at 119% annualised against JUP's 97%.
ORCAJUP
0.42over 399 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 | ORCA | JUP |
|---|---|---|
| Max drawdown (400d) | -64.8% | -70.9% |
| Risk-adjusted return (90d) | 0.26 | 0.29 |
| Best 30 days (past year) | +150.1% | +68.3% |
| Worst 30 days (past year) | -42.0% | -41.5% |
Relative strength over 90 days: JUP outperformed ORCA by 0.4% — measured on the ORCA/JUP ratio, so it holds regardless of market direction.