Brett (BRETT) is 256.1× the size of Virgen (VIRGEN) by market capitalisation. Their daily returns move closely together (correlation 0.73 across 37 shared trading days). VIRGEN has been the more volatile of the two, at 129% annualised against BRETT's 100%.
VIRGENBRETT
0.73over 37 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 | VIRGEN | BRETT |
|---|---|---|
| Max drawdown (400d) | -56.0% | -31.9% |
| Risk-adjusted return (90d) | -0.17 | -0.04 |
Relative strength over 90 days: BRETT outperformed VIRGEN by 26.1% — measured on the VIRGEN/BRETT ratio, so it holds regardless of market direction.