Alien Worlds (TLM) is 189.2× the size of W3GG (W3GG) by market capitalisation. Over the past 1 year, TLM is ahead by 36.3 percentage points (W3GG -93.9% against TLM -57.6%). Their daily returns move barely together (correlation 0.12 across 373 shared trading days). TLM has been the more volatile of the two, at 142% annualised against W3GG's 94%.
W3GGTLM
0.12over 373 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 | W3GG | TLM |
|---|---|---|
| Max drawdown (400d) | -94.9% | -82.7% |
| Risk-adjusted return (90d) | -0.22 | -0.37 |
| Best 30 days (past year) | +49.0% | +199.0% |
| Worst 30 days (past year) | -49.2% | -54.1% |
Relative strength over 90 days: W3GG outperformed TLM by 11.7% — measured on the W3GG/TLM ratio, so it holds regardless of market direction.