Faith Tribe (FTRB) is 146.6× the size of WFDP (WFDP) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 28 shared trading days). FTRB has been the more volatile of the two, at 63% annualised against WFDP's 53%.
WFDPFTRB
0.13over 28 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 | WFDP | FTRB |
|---|---|---|
| Max drawdown (400d) | -1.9% | -60.7% |
| Risk-adjusted return (90d) | 0.99 | -0.03 |
| Best 30 days (past year) | — | +121.6% |
| Worst 30 days (past year) | — | -22.5% |
Relative strength over 90 days: WFDP outperformed FTRB by 62.9% — measured on the WFDP/FTRB ratio, so it holds regardless of market direction.