Shǔ bǎo (슈바오) and FLOAT (FLOAT) compared side by side. Their daily returns move barely in opposite directions (correlation -0.11 across 22 shared trading days). FLOAT has been the more volatile of the two, at 2474672% annualised against 슈바오's 792%.
슈바오FLOAT
-0.11over 22 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 | FLOAT |
|---|---|---|
| Max drawdown (400d) | -83.5% | -100.0% |
| Risk-adjusted return (90d) | -0.03 | 0.17 |
Relative strength over 90 days: FLOAT outperformed 슈바오 by 100.0% — measured on the 슈바오/FLOAT ratio, so it holds regardless of market direction.