Tri Sigma vs Grass

Grass (GRASS) is 11802.4× the size of Tri Sigma (TRISIG) by market capitalisation. Over the past 30 days, GRASS is ahead by 104.8 percentage points (TRISIG -26.7% against GRASS +78.2%). Their daily returns move barely together (correlation 0.15 across 23 shared trading days). GRASS has been the more volatile of the two, at 212% annualised against TRISIG's 46%.

Correlation: 0.15
Size ratio: 1 : 11802.4
Ahead over 30 days: GRASS

Tri SigmaTRISIG

$2.983e-5

24h: +4.03%
Market cap: $29,817
Volume 24h: $7
Volatility (ann.): 46%

GrassGRASS

$0.487437

24h: -15.38%
Market cap: $351.91M
Volume 24h: $20.28M
Volatility (ann.): 212%

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

Performance

TRISIGGRASS

7 days-8.90%-15.26%TRISIG
30 days-26.65%+78.19%GRASS

Correlation

0.15over 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	TRISIG	GRASS
Max drawdown (400d)	-27.1%	-25.3%
Risk-adjusted return (90d)	-0.55	0.36

Relative strength over 90 days: TRISIG outperformed GRASS by 6.7% — measured on the TRISIG/GRASS ratio, so it holds regardless of market direction.

Tri Sigma →Grass →