Grass (GRASS) is 1090.6× the size of WhiteBridge Network (WBAI) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.11 across 44 shared trading days). Both have run at a similar volatility, around 219% annualised.
WBAIGRASS
-0.11over 44 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 | WBAI | GRASS |
|---|---|---|
| Max drawdown (400d) | -98.5% | -25.3% |
| Risk-adjusted return (90d) | -0.13 | 0.35 |
Relative strength over 90 days: GRASS outperformed WBAI by 73.0% — measured on the WBAI/GRASS ratio, so it holds regardless of market direction.