Shǔ bǎo (슈바오) and Bordrless (BORDR) compared side by side. Over the past 30 days, 슈바오 is ahead by 79.7 percentage points (슈바오 -19.0% against BORDR -98.7%). Their daily returns move barely together (correlation 0.23 across 34 shared trading days). BORDR has been the more volatile of the two, at 959% annualised against 슈바오's 792%.
슈바오BORDR
0.23over 34 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 | BORDR |
|---|---|---|
| Max drawdown (400d) | -83.5% | -99.8% |
| Risk-adjusted return (90d) | -0.03 | -0.10 |
Relative strength over 90 days: 슈바오 outperformed BORDR by 3027.0% — measured on the 슈바오/BORDR ratio, so it holds regardless of market direction.