TROLL (TROLL) is 2.5× the size of would (WOULD) by market capitalisation. Over the past 30 days, TROLL is ahead by 1.1 percentage points (WOULD -43.4% against TROLL -42.3%). Their daily returns move barely in opposite directions (correlation -0.05 across 33 shared trading days). Both have run at a similar volatility, around 190% annualised.
WOULDTROLL
-0.05over 33 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 | WOULD | TROLL |
|---|---|---|
| Max drawdown (400d) | -60.4% | -61.0% |
| Risk-adjusted return (90d) | -0.30 | -0.21 |
Relative strength over 90 days: TROLL outperformed WOULD by 43.0% — measured on the WOULD/TROLL ratio, so it holds regardless of market direction.