OWB vs ECOMI

ECOMI (OMI) is 22.7× the size of OWB (OWB) by market capitalisation. Over the past 30 days, OMI is ahead by 44.3 percentage points (OWB -33.8% against OMI +10.5%). Their daily returns move barely in opposite directions (correlation -0.23 across 34 shared trading days). OWB has been the more volatile of the two, at 110% annualised against OMI's 91%.

Correlation: -0.23
Size ratio: 1 : 22.7
Ahead over 30 days: OMI

OWBOWB

$0.007631

24h: +2.74%
Market cap: $2.86M
Volume 24h: $43,025
Volatility (ann.): 110%

ECOMIOMI

$0.000240

24h: -0.21%
Market cap: $65.04M
Volume 24h: $776,454
Volatility (ann.): 91%

OWB 4.2%Share of the two combined market caps95.8% OMI

Performance

OWBOMI

7 days+3.53%-13.31%OWB
30 days-33.77%+10.49%OMI

Correlation

-0.23over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2590d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	OWB	OMI
Max drawdown (400d)	-42.9%	-28.3%
Risk-adjusted return (90d)	-0.35	0.22

Relative strength over 90 days: OMI outperformed OWB by 30.1% — measured on the OWB/OMI ratio, so it holds regardless of market direction.

OWB →ECOMI →