Super Trust (SUT) and Zebec Network (ZBCN) compared side by side. Over the past 30 days, ZBCN is ahead by 42.5 percentage points (SUT -31.4% against ZBCN +11.1%). Their daily returns move loosely together (correlation 0.35 across 22 shared trading days). SUT has been the more volatile of the two, at 154% annualised against ZBCN's 106%.
SUTZBCN
0.35over 22 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 | SUT | ZBCN |
|---|---|---|
| Max drawdown (400d) | -52.6% | -20.8% |
| Risk-adjusted return (90d) | -0.29 | 0.23 |
Relative strength over 90 days: ZBCN outperformed SUT by 10.7% — measured on the SUT/ZBCN ratio, so it holds regardless of market direction.