Grass (GRASS) is 1532.7× the size of WeatherXM (WXM) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 40 shared trading days). Both have run at a similar volatility, around 205% annualised.
WXMGRASS
0.23over 40 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 | WXM | GRASS |
|---|---|---|
| Max drawdown (400d) | -75.8% | -25.3% |
| Risk-adjusted return (90d) | 0.03 | 0.36 |
Relative strength over 90 days: GRASS outperformed WXM by 36.5% — measured on the WXM/GRASS ratio, so it holds regardless of market direction.