STARX (STARX) and AVINOC (AVINOC) compared side by side. Their daily returns move barely in opposite directions (correlation -0.22 across 24 shared trading days). AVINOC has been the more volatile of the two, at 344% annualised against STARX's 236%.
STARXAVINOC
-0.22over 24 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 | STARX | AVINOC |
|---|---|---|
| Max drawdown (400d) | -70.1% | -81.2% |
| Risk-adjusted return (90d) | -0.28 | -0.22 |
Relative strength over 90 days: STARX outperformed AVINOC by 30.2% — measured on the STARX/AVINOC ratio, so it holds regardless of market direction.