Squidlor (SQDLR) and SolonPad (SOLON) compared side by side. Over the past 30 days, SOLON is ahead by 4.3 percentage points (SQDLR -77.6% against SOLON -73.3%). Their daily returns move loosely together (correlation 0.49 across 27 shared trading days). SOLON has been the more volatile of the two, at 454% annualised against SQDLR's 211%.
SQDLRSOLON
0.49over 27 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 | SQDLR | SOLON |
|---|---|---|
| Max drawdown (400d) | -78.4% | -77.8% |
| Risk-adjusted return (90d) | -0.37 | -0.13 |
Relative strength over 90 days: SOLON outperformed SQDLR by 42.8% — measured on the SQDLR/SOLON ratio, so it holds regardless of market direction.