Render (RENDER) is 28016.1× the size of Spores Network (SPO) by market capitalisation. Over the past 1 year, RENDER is ahead by 73.6 percentage points (SPO -87.4% against RENDER -13.9%). Their daily returns move barely together (correlation 0.30 across 371 shared trading days). Both have run at a similar volatility, around 99% annualised.
SPORENDER
0.30over 371 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 | SPO | RENDER |
|---|---|---|
| Max drawdown (400d) | -88.7% | -66.8% |
| Risk-adjusted return (90d) | -0.70 | 0.26 |
| Best 30 days (past year) | +142.6% | +82.4% |
| Worst 30 days (past year) | -72.5% | -49.7% |
Relative strength over 90 days: RENDER outperformed SPO by 67.5% — measured on the SPO/RENDER ratio, so it holds regardless of market direction.