repo.ing (REPOING) and Bordrless (BORDR) compared side by side. Over the past 30 days, REPOING is ahead by 47.6 percentage points (REPOING -51.8% against BORDR -99.5%). Their daily returns move barely in opposite directions (correlation -0.18 across 33 shared trading days). Both have run at a similar volatility, around 896% annualised.
REPOINGBORDR
-0.18over 33 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 | REPOING | BORDR |
|---|---|---|
| Max drawdown (400d) | -82.5% | -99.8% |
| Risk-adjusted return (90d) | -0.06 | -0.10 |
Relative strength over 90 days: REPOING outperformed BORDR by 1265.9% — measured on the REPOING/BORDR ratio, so it holds regardless of market direction.