Switchboard vs Grass

Grass (GRASS) is 28808.2× the size of Switchboard (SWCH) by market capitalisation. Over the past 30 days, GRASS is ahead by 155.5 percentage points (SWCH -77.3% against GRASS +78.2%). Their daily returns move barely in opposite directions (correlation -0.10 across 23 shared trading days). Both have run at a similar volatility, around 215% annualised.

Correlation: -0.10
Size ratio: 1 : 28808.2
Ahead over 30 days: GRASS

SwitchboardSWCH

$1.428e-5

24h: -4.57%
Market cap: $12,894
Volume 24h: $305
Volatility (ann.): 218%

GrassGRASS

$0.514517

24h: -11.56%
Market cap: $371.46M
Volume 24h: $19.43M
Volatility (ann.): 212%

SWCH 0.0%Share of the two combined market caps100.0% GRASS

Performance

SWCHGRASS

7 days-36.00%-15.26%GRASS
30 days-77.27%+78.19%GRASS

Correlation

-0.10over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SWCH	GRASS
Max drawdown (400d)	-79.5%	-25.3%
Risk-adjusted return (90d)	-0.36	0.36

Relative strength over 90 days: GRASS outperformed SWCH by 69.8% — measured on the SWCH/GRASS ratio, so it holds regardless of market direction.

Switchboard →Grass →