Audiera (BEAT) is 244.9× the size of SEED (SEED) by market capitalisation. Their daily returns move closely in opposite directions (correlation -0.61 across 37 shared trading days). SEED has been the more volatile of the two, at 284% annualised against BEAT's 154%.
SEEDBEAT
-0.61over 37 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 | SEED | BEAT |
|---|---|---|
| Max drawdown (400d) | -86.9% | -50.3% |
| Risk-adjusted return (90d) | -0.24 | -0.12 |
Relative strength over 90 days: BEAT outperformed SEED by 74.4% — measured on the SEED/BEAT ratio, so it holds regardless of market direction.