Brett (BRETT) is 1968.9× the size of PARADOX (PARADOX) by market capitalisation. Their daily returns move loosely together (correlation 0.50 across 28 shared trading days). PARADOX has been the more volatile of the two, at 137% annualised against BRETT's 103%.
PARADOXBRETT
0.50over 28 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 | PARADOX | BRETT |
|---|---|---|
| Max drawdown (400d) | -63.4% | -36.6% |
| Risk-adjusted return (90d) | -0.25 | -0.14 |
Relative strength over 90 days: BRETT outperformed PARADOX by 29.4% — measured on the PARADOX/BRETT ratio, so it holds regardless of market direction.