Smuggo (SMUGGO) and Versa Stable Dollar (VSD) compared side by side. Over the past 30 days, VSD is ahead by 57.3 percentage points (SMUGGO -58.9% against VSD -1.7%). Their daily returns move barely in opposite directions (correlation -0.04 across 26 shared trading days). SMUGGO has been the more volatile of the two, at 244% annualised against VSD's 50%.
SMUGGOVSD
-0.04over 26 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 | SMUGGO | VSD |
|---|---|---|
| Max drawdown (400d) | -67.3% | -8.8% |
| Risk-adjusted return (90d) | -0.24 | -0.03 |
Relative strength over 90 days: VSD outperformed SMUGGO by 58.3% — measured on the SMUGGO/VSD ratio, so it holds regardless of market direction.