ECOMI (OMI) is 2057.3× the size of Seedworld (SWORLD) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.37 across 25 shared trading days). SWORLD has been the more volatile of the two, at 127% annualised against OMI's 91%.
SWORLDOMI
-0.37over 25 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 | SWORLD | OMI |
|---|---|---|
| Max drawdown (400d) | -95.5% | -28.3% |
| Risk-adjusted return (90d) | -0.56 | 0.15 |
Relative strength over 90 days: OMI outperformed SWORLD by 54.4% — measured on the SWORLD/OMI ratio, so it holds regardless of market direction.