Step vs GMT

Step (STEP) and GMT (GMT) compared side by side. Their daily returns move barely together (correlation 0.12 across 34 shared trading days). GMT has been the more volatile of the two, at 89% annualised against STEP's 61%.

Correlation: 0.12

StepSTEP

$9.181e-5

24h: +0.54%
Market cap: —
Volume 24h: $4
Volatility (ann.): 61%

GMTGMT

$0.006390

24h: +10.99%
Market cap: $27.53M
Volume 24h: $47.80M
Volatility (ann.): 89%

STEP 0.0%Share of the two combined market caps100.0% GMT

Performance

STEPGMT

7 days-6.92%-8.37%STEP
30 days-12.12%-30.07%STEP
90 days—-3.50%—
1 year—-71.29%—

Correlation

0.12over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	STEP	GMT
Max drawdown (400d)	-19.4%	-85.5%
Risk-adjusted return (90d)	-0.16	-0.04
Best 30 days (past year)	—	+44.5%
Worst 30 days (past year)	—	-44.6%

Relative strength over 90 days: STEP outperformed GMT by 20.8% — measured on the STEP/GMT ratio, so it holds regardless of market direction.

Step →GMT →