WYDE: End Hunger (EAT) is 35.5× the size of Veterans for the Cause (VETS) by market capitalisation. Their daily returns move loosely together (correlation 0.56 across 35 shared trading days). EAT has been the more volatile of the two, at 92% annualised against VETS's 75%.
VETSEAT
0.56over 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 | EAT |
|---|---|---|
| Max drawdown (400d) | -37.5% | -44.6% |
| Risk-adjusted return (90d) | 0.19 | -0.43 |
Relative strength over 90 days: VETS outperformed EAT by 45.4% — measured on the VETS/EAT ratio, so it holds regardless of market direction.