Public Masterpiece Technology (PMT) is 83.0× the size of OtherdeedStrategy (DEEDSTR) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 188 shared trading days). DEEDSTR has been the more volatile of the two, at 126% annualised against PMT's 7%.
$0.096932
DEEDSTRPMT
0.11over 188 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 | DEEDSTR | PMT |
|---|---|---|
| Max drawdown (400d) | -68.2% | -14.9% |
| Risk-adjusted return (90d) | -0.13 | -0.89 |
| Best 30 days (past year) | — | +3.2% |
| Worst 30 days (past year) | — | -3.9% |
Relative strength over 90 days: PMT outperformed DEEDSTR by 10.8% — measured on the DEEDSTR/PMT ratio, so it holds regardless of market direction.