Anduril PreStocks (ANDURIL) is 232.2× the size of Revshare (REVS) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 35 shared trading days). REVS has been the more volatile of the two, at 1311% annualised against ANDURIL's 78%.
REVSANDURIL
0.26over 35 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 | REVS | ANDURIL |
|---|---|---|
| Max drawdown (400d) | -98.5% | -20.5% |
| Risk-adjusted return (90d) | -0.01 | -0.07 |
Relative strength over 90 days: REVS outperformed ANDURIL by 2.4% — measured on the REVS/ANDURIL ratio, so it holds regardless of market direction.