Grass (GRASS) is 1211.6× the size of WiFi Map (WIFI) by market capitalisation. Over the past 30 days, GRASS is ahead by 120.9 percentage points (WIFI -42.7% against GRASS +78.2%). Their daily returns move barely together (correlation 0.10 across 23 shared trading days). Both have run at a similar volatility, around 210% annualised.
WIFIGRASS
0.10over 23 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 | WIFI | GRASS |
|---|---|---|
| Max drawdown (400d) | -49.7% | -25.3% |
| Risk-adjusted return (90d) | -0.02 | 0.36 |
Relative strength over 90 days: GRASS outperformed WIFI by 24.9% — measured on the WIFI/GRASS ratio, so it holds regardless of market direction.