Salvor (SALVOR) and Bordrless (BORDR) compared side by side. Over the past 30 days, SALVOR is ahead by 229.7 percentage points (SALVOR +130.3% against BORDR -99.5%). Their daily returns move barely together (correlation 0.13 across 35 shared trading days). BORDR has been the more volatile of the two, at 944% annualised against SALVOR's 494%.
SALVORBORDR
0.13over 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 | SALVOR | BORDR |
|---|---|---|
| Max drawdown (400d) | -45.2% | -99.8% |
| Risk-adjusted return (90d) | 1.26 | -0.10 |
Relative strength over 90 days: SALVOR outperformed BORDR by 7502.5% — measured on the SALVOR/BORDR ratio, so it holds regardless of market direction.