牛来 (Niu Lai) (牛来) is 7.9× the size of 我踏马来了 (我踏马来了) by market capitalisation. Their daily returns move closely together (correlation 0.72 across 30 shared trading days). 我踏马来了 has been the more volatile of the two, at 305% annualised against 牛来's 196%.
我踏马来了牛来
0.72over 30 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 | 我踏马来了 | 牛来 |
|---|---|---|
| Max drawdown (400d) | -88.7% | -60.2% |
| Risk-adjusted return (90d) | 0.04 | -0.11 |
Relative strength over 90 days: 牛来 outperformed 我踏马来了 by 1.9% — measured on the 我踏马来了/牛来 ratio, so it holds regardless of market direction.