nubcat (NUB) and TROLL (TROLL) compared side by side. Over the past 30 days, NUB is ahead by 15.7 percentage points (NUB -23.0% against TROLL -38.7%). Their daily returns move barely together (correlation 0.06 across 25 shared trading days). NUB has been the more volatile of the two, at 5282% annualised against TROLL's 197%.
NUBTROLL
0.06over 25 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 | NUB | TROLL |
|---|---|---|
| Max drawdown (400d) | -97.2% | -61.0% |
| Risk-adjusted return (90d) | 0.00 | -0.20 |
Relative strength over 90 days: TROLL outperformed NUB by 19.0% — measured on the NUB/TROLL ratio, so it holds regardless of market direction.