PHI vs Achi
PHI (PHI) and Achi (ACH) compared side by side. Their daily returns move barely together (correlation 0.18 across 23 shared trading days). PHI has been the more volatile of the two, at 139% annualised against ACH's 74%.
- Correlation
- 0.18
Performance
PHIACH
- 7 daysACH
- 30 days—
- 90 days—
- 1 year—
Correlation
0.18over 23 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 | PHI | ACH |
|---|---|---|
| Max drawdown (400d) | -62.3% | -72.6% |
| Risk-adjusted return (90d) | -0.45 | -0.04 |
| Best 30 days (past year) | — | +62.8% |
| Worst 30 days (past year) | — | -41.8% |
Relative strength over 90 days: ACH outperformed PHI by 47.8% — measured on the PHI/ACH ratio, so it holds regardless of market direction.