BULLA (BULLA) is 956.6× the size of Patton (PATTON) by market capitalisation. Their daily returns move barely together (correlation 0.04 across 21 shared trading days). BULLA has been the more volatile of the two, at 623% annualised against PATTON's 129%.
PATTONBULLA
0.04over 21 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 | PATTON | BULLA |
|---|---|---|
| Max drawdown (400d) | -71.8% | -54.3% |
| Risk-adjusted return (90d) | -0.07 | 0.47 |
Relative strength over 90 days: BULLA outperformed PATTON by 76.8% — measured on the PATTON/BULLA ratio, so it holds regardless of market direction.