Quant (QNT) is 7784.4× the size of Punkvism (PVT) by market capitalisation. Over the past 1 year, QNT is ahead by 257.4 percentage points (PVT -97.5% against QNT +160.0%). Their daily returns move barely together (correlation 0.06 across 363 shared trading days). PVT has been the more volatile of the two, at 301% annualised against QNT's 128%.
PVTQNT
0.06over 363 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 | PVT | QNT |
|---|---|---|
| Max drawdown (400d) | -97.7% | -47.6% |
| Risk-adjusted return (90d) | -0.45 | 0.95 |
| Best 30 days (past year) | — | +369.8% |
| Worst 30 days (past year) | — | -33.0% |
Relative strength over 90 days: QNT outperformed PVT by 88.4% — measured on the PVT/QNT ratio, so it holds regardless of market direction.