Shǔ bǎo (슈바오) and Achi (ACH) compared side by side. Their daily returns move barely together (correlation 0.00 across 42 shared trading days). 슈바오 has been the more volatile of the two, at 792% annualised against ACH's 81%.
슈바오ACH
0.00over 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 | 슈바오 | ACH |
|---|---|---|
| Max drawdown (400d) | -83.5% | -78.0% |
| Risk-adjusted return (90d) | -0.03 | 0.05 |
| Best 30 days (past year) | — | +62.8% |
| Worst 30 days (past year) | — | -41.8% |
Relative strength over 90 days: 슈바오 outperformed ACH by 9.9% — measured on the 슈바오/ACH ratio, so it holds regardless of market direction.