ECOMI (OMI) is 8.4× the size of World of Dypians (WOD) by market capitalisation. Their daily returns move loosely together (correlation 0.45 across 44 shared trading days). WOD has been the more volatile of the two, at 213% annualised against OMI's 91%.
WODOMI
0.45over 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 | WOD | OMI |
|---|---|---|
| Max drawdown (400d) | -96.0% | -28.3% |
| Risk-adjusted return (90d) | 0.35 | 0.22 |
| Best 30 days (past year) | +289.6% | — |
| Worst 30 days (past year) | -61.1% | — |
Relative strength over 90 days: WOD outperformed OMI by 161.2% — measured on the WOD/OMI ratio, so it holds regardless of market direction.