牛来 (Niu Lai) (牛来) is 3244.6× the size of Shamatte (杀马特) by market capitalisation. Their daily returns move loosely together (correlation 0.55 across 20 shared trading days). Both have run at a similar volatility, around 188% annualised.
杀马特牛来
0.55over 20 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 | 杀马特 | 牛来 |
|---|---|---|
| Max drawdown (400d) | -69.3% | -60.4% |
| Risk-adjusted return (90d) | -0.18 | -0.16 |
Relative strength over 90 days: 杀马特 outperformed 牛来 by 6.9% — measured on the 杀马特/牛来 ratio, so it holds regardless of market direction.