Ozzy vs Fables
Ozzy (OZZY) and Fables (FABLES) compared side by side. Their daily returns move barely together (correlation 0.23 across 20 shared trading days). Both have run at a similar volatility, around 244% annualised.
- Correlation
- 0.23
OZZY 0.0%Share of the two combined market caps100.0% FABLES
Performance
OZZYFABLES
- 7 daysOZZY
- 30 days—
Correlation
0.23over 20 shared trading days
−1 opposite0 unrelated+1 in step
7d: insufficient data30d: insufficient data90d: 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 | OZZY | FABLES |
|---|---|---|
| Max drawdown (400d) | -50.3% | -41.8% |
| Risk-adjusted return (90d) | -0.20 | — |
Relative strength over 90 days: OZZY outperformed FABLES by 9.1% — measured on the OZZY/FABLES ratio, so it holds regardless of market direction.