Genius (GENIUS) is 3125.7× the size of Pentagon Pizza Watch (PPW) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 34 shared trading days). PPW has been the more volatile of the two, at 243% annualised against GENIUS's 95%.
PPWGENIUS
0.18over 34 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 | PPW | GENIUS |
|---|---|---|
| Max drawdown (400d) | -51.1% | -61.7% |
| Risk-adjusted return (90d) | -0.01 | -0.15 |
Relative strength over 90 days: PPW outperformed GENIUS by 3.5% — measured on the PPW/GENIUS ratio, so it holds regardless of market direction.