Speedrun to 10m (10M) and SolonPad (SOLON) compared side by side. Their daily returns move barely together (correlation 0.03 across 22 shared trading days). SOLON has been the more volatile of the two, at 454% annualised against 10M's 46%.
10MSOLON
0.03over 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 | 10M | SOLON |
|---|---|---|
| Max drawdown (400d) | -21.8% | -77.8% |
| Risk-adjusted return (90d) | -0.45 | -0.13 |
Relative strength over 90 days: 10M outperformed SOLON by 59.0% — measured on the 10M/SOLON ratio, so it holds regardless of market direction.