SwissBorg vs Momentum

SwissBorg (BORG) is 5.8× the size of Momentum (MMT) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 57 shared trading days). MMT has been the more volatile of the two, at 142% annualised against BORG's 65%.

Correlation: 0.46
Size ratio: 5.8×

SwissBorgBORG

$0.154128

24h: +0.76%
Market cap: $151.21M
Volume 24h: $286,218
Volatility (ann.): 65%

MomentumMMT

$0.128400

24h: +5.34%
Market cap: $25.88M
Volume 24h: $4.24M
Volatility (ann.): 142%

BORG 85.4%Share of the two combined market caps14.6% MMT

Performance

BORGMMT

7 days+1.15%-15.63%BORG
30 days-9.28%-36.33%BORG
90 days—-24.38%—
1 year—-95.50%—

Correlation

0.46over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7490d: 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	BORG	MMT
Max drawdown (400d)	-19.8%	-96.1%
Risk-adjusted return (90d)	0.15	-0.26

Relative strength over 90 days: BORG outperformed MMT by 52.8% — measured on the BORG/MMT ratio, so it holds regardless of market direction.

SwissBorg →Momentum →