True (TRUE) is 2.1× the size of Opinion (OPN) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 39 shared trading days). TRUE has been the more volatile of the two, at 2386% annualised against OPN's 170%.
TRUEOPN
0.08over 39 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 | TRUE | OPN |
|---|---|---|
| Max drawdown (400d) | -49.1% | -88.8% |
| Risk-adjusted return (90d) | 0.33 | -0.20 |
Relative strength over 90 days: TRUE outperformed OPN by 1065.8% — measured on the TRUE/OPN ratio, so it holds regardless of market direction.