Genius (GENIUS) is 21809.4× the size of Thesis AI (THESIS) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 45 shared trading days). THESIS has been the more volatile of the two, at 419% annualised against GENIUS's 93%.
THESISGENIUS
-0.03over 45 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 | THESIS | GENIUS |
|---|---|---|
| Max drawdown (400d) | -99.6% | -63.8% |
| Risk-adjusted return (90d) | -0.24 | -0.39 |
Relative strength over 90 days: GENIUS outperformed THESIS by 99.5% — measured on the THESIS/GENIUS ratio, so it holds regardless of market direction.