PCM (PCM) and Trust Wallet (TWT) compared side by side. Their daily returns move barely together (correlation 0.07 across 26 shared trading days). TWT has been the more volatile of the two, at 72% annualised against PCM's 35%.
PCMTWT
0.07over 26 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 | PCM | TWT |
|---|---|---|
| Max drawdown (400d) | -20.7% | -79.8% |
| Risk-adjusted return (90d) | -0.59 | 0.09 |
| Best 30 days (past year) | — | +70.1% |
| Worst 30 days (past year) | — | -46.8% |
Relative strength over 90 days: PCM outperformed TWT by 16.5% — measured on the PCM/TWT ratio, so it holds regardless of market direction.