Project Meridian (MERIDIAN) and Bordrless (BORDR) compared side by side. Over the past 30 days, MERIDIAN is ahead by 22.6 percentage points (MERIDIAN -77.2% against BORDR -99.8%). Their daily returns move barely together (correlation 0.33 across 28 shared trading days). MERIDIAN has been the more volatile of the two, at 4714% annualised against BORDR's 907%.
MERIDIANBORDR
0.33over 28 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 | MERIDIAN | BORDR |
|---|---|---|
| Max drawdown (400d) | -99.0% | -99.8% |
| Risk-adjusted return (90d) | -0.02 | -0.11 |
Relative strength over 90 days: MERIDIAN outperformed BORDR by 12258.7% — measured on the MERIDIAN/BORDR ratio, so it holds regardless of market direction.