OriginTrail (TRAC) is 1822.3× the size of Starly the $STAR™ Guide (STAR) by market capitalisation. Their daily returns move closely together (correlation 0.60 across 26 shared trading days). STAR has been the more volatile of the two, at 161% annualised against TRAC's 104%.
STARTRAC
0.60over 26 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 | STAR | TRAC |
|---|---|---|
| Max drawdown (400d) | -67.1% | -22.2% |
| Risk-adjusted return (90d) | -0.26 | 0.33 |
Relative strength over 90 days: TRAC outperformed STAR by 23.1% — measured on the STAR/TRAC ratio, so it holds regardless of market direction.