Anthropic PreStocks (ANTHROPIC) is 17.2× the size of Veterans for the Cause (VETS) by market capitalisation. Their daily returns move barely together (correlation 0.34 across 35 shared trading days). VETS has been the more volatile of the two, at 75% annualised against ANTHROPIC's 60%.
$927.7500
VETSANTHROPIC
0.34over 35 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 | VETS | ANTHROPIC |
|---|---|---|
| Max drawdown (400d) | -37.5% | -14.2% |
| Risk-adjusted return (90d) | 0.19 | 0.11 |
Relative strength over 90 days: ANTHROPIC outperformed VETS by 20.0% — measured on the VETS/ANTHROPIC ratio, so it holds regardless of market direction.