Illuvium (ILV) is 712.4× the size of Funtico (TICO) by market capitalisation. Over the past 1 year, ILV is ahead by 30.3 percentage points (TICO -99.2% against ILV -68.9%). Their daily returns move barely together (correlation 0.08 across 366 shared trading days). TICO has been the more volatile of the two, at 271% annualised against ILV's 88%.
TICOILV
0.08over 366 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 | TICO | ILV |
|---|---|---|
| Max drawdown (400d) | -99.2% | -82.1% |
| Risk-adjusted return (90d) | -0.29 | -0.07 |
| Best 30 days (past year) | +318.1% | +45.3% |
| Worst 30 days (past year) | -91.8% | -44.4% |
Relative strength over 90 days: ILV outperformed TICO by 86.7% — measured on the TICO/ILV ratio, so it holds regardless of market direction.