Young (YNG) and Zebec Network (ZBCN) compared side by side. Over the past 30 days, ZBCN is ahead by 21.6 percentage points (YNG -10.5% against ZBCN +11.1%). Their daily returns move barely together (correlation 0.27 across 22 shared trading days). ZBCN has been the more volatile of the two, at 106% annualised against YNG's 18%.
YNGZBCN
0.27over 22 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 | YNG | ZBCN |
|---|---|---|
| Max drawdown (400d) | -11.5% | -20.8% |
| Risk-adjusted return (90d) | -0.60 | 0.23 |
Relative strength over 90 days: YNG outperformed ZBCN by 7.5% — measured on the YNG/ZBCN ratio, so it holds regardless of market direction.