Shieldeum vs Grass

Grass (GRASS) is 11612.6× the size of Shieldeum (SDM) by market capitalisation. Over the past 30 days, GRASS is ahead by 56.8 percentage points (SDM -10.9% against GRASS +45.9%). Their daily returns move barely together (correlation 0.06 across 24 shared trading days). GRASS has been the more volatile of the two, at 214% annualised against SDM's 12%.

Correlation: 0.06
Size ratio: 1 : 11612.6
Ahead over 30 days: GRASS

ShieldeumSDM

$6.807e-5

24h: +0.78%
Market cap: $30,408
Volume 24h: $100
Volatility (ann.): 12%

GrassGRASS

$0.489046

24h: -14.53%
Market cap: $353.12M
Volume 24h: $21.80M
Volatility (ann.): 214%

SDM 0.0%Share of the two combined market caps100.0% GRASS

Performance

SDMGRASS

7 days-2.50%-16.78%SDM
30 days-10.92%+45.90%GRASS

Correlation

0.06over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	SDM	GRASS
Max drawdown (400d)	-11.9%	-34.9%
Risk-adjusted return (90d)	-0.96	0.23

Relative strength over 90 days: SDM outperformed GRASS by 35.0% — measured on the SDM/GRASS ratio, so it holds regardless of market direction.

Shieldeum →Grass →