Araracoin (ARARA) is 39.0× the size of Veterans for the Cause (VETS) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.58 across 31 shared trading days). ARARA has been the more volatile of the two, at 809% annualised against VETS's 75%.
VETSARARA
-0.58over 31 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 | ARARA |
|---|---|---|
| Max drawdown (400d) | -37.5% | -83.4% |
| Risk-adjusted return (90d) | 0.19 | -0.06 |
Relative strength over 90 days: VETS outperformed ARARA by 58.6% — measured on the VETS/ARARA ratio, so it holds regardless of market direction.