Zerebro (ZEREBRO) is 1507.0× the size of Shrubius Maximus (SHRUBIUS) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 42 shared trading days). SHRUBIUS has been the more volatile of the two, at 196% annualised against ZEREBRO's 81%.
SHRUBIUSZEREBRO
0.12over 42 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 | SHRUBIUS | ZEREBRO |
|---|---|---|
| Max drawdown (400d) | -56.4% | -40.7% |
| Risk-adjusted return (90d) | 0.23 | -0.42 |
Relative strength over 90 days: SHRUBIUS outperformed ZEREBRO by 48.3% — measured on the SHRUBIUS/ZEREBRO ratio, so it holds regardless of market direction.