Zora (ZORA) is 25.4× the size of STAT (STAT) by market capitalisation. Over the past 30 days, STAT is ahead by 32.5 percentage points (STAT +1.1% against ZORA -31.3%). Their daily returns move barely together (correlation 0.24 across 27 shared trading days). ZORA has been the more volatile of the two, at 163% annualised against STAT's 78%.
STATZORA
0.24over 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 | STAT | ZORA |
|---|---|---|
| Max drawdown (400d) | -13.2% | -42.5% |
| Risk-adjusted return (90d) | 0.01 | -0.08 |
Relative strength over 90 days: ZORA outperformed STAT by 8.5% — measured on the STAT/ZORA ratio, so it holds regardless of market direction.