USD.AI (CHIP) is 13.9× the size of Solomon (SOLO) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.24 across 36 shared trading days). SOLO has been the more volatile of the two, at 52277230% annualised against CHIP's 180%.
SOLOCHIP
-0.24over 36 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 | SOLO | CHIP |
|---|---|---|
| Max drawdown (400d) | -100.0% | -80.8% |
| Risk-adjusted return (90d) | 0.00 | 0.40 |
Relative strength over 90 days: CHIP outperformed SOLO by 100.0% — measured on the SOLO/CHIP ratio, so it holds regardless of market direction.