Brett (BRETT) is 6811.6× the size of Speculation (SPECU) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 22 shared trading days). Both have run at a similar volatility, around 98% annualised.
SPECUBRETT
0.36over 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 | SPECU | BRETT |
|---|---|---|
| Max drawdown (400d) | -77.1% | -31.9% |
| Risk-adjusted return (90d) | -0.50 | -0.04 |
Relative strength over 90 days: BRETT outperformed SPECU by 35.1% — measured on the SPECU/BRETT ratio, so it holds regardless of market direction.