Picomatch (PICOMATCH) and Bordrless (BORDR) compared side by side. Over the past 30 days, PICOMATCH is ahead by 14.9 percentage points (PICOMATCH -84.9% against BORDR -99.8%). Their daily returns move loosely together (correlation 0.39 across 22 shared trading days). BORDR has been the more volatile of the two, at 907% annualised against PICOMATCH's 787%.
PICOMATCHBORDR
0.39over 22 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 | PICOMATCH | BORDR |
|---|---|---|
| Max drawdown (400d) | -90.7% | -99.8% |
| Risk-adjusted return (90d) | -0.11 | -0.11 |
Relative strength over 90 days: PICOMATCH outperformed BORDR by 289.2% — measured on the PICOMATCH/BORDR ratio, so it holds regardless of market direction.