IMPT (IMPT) is 2.5× the size of SavePlanetEarth (SPE) by market capitalisation. Their daily returns move very closely together (correlation 0.86 across 33 shared trading days). Both have run at a similar volatility, around 79% annualised.
SPEIMPT
0.86over 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 | SPE | IMPT |
|---|---|---|
| Max drawdown (400d) | -24.1% | -79.3% |
| Risk-adjusted return (90d) | -0.26 | 0.18 |
| Best 30 days (past year) | — | +88.2% |
| Worst 30 days (past year) | — | -53.0% |
Relative strength over 90 days: SPE outperformed IMPT by 33.3% — measured on the SPE/IMPT ratio, so it holds regardless of market direction.