Zero Gate Anon (ZGA) and Bordrless (BORDR) compared side by side. Over the past 30 days, ZGA is ahead by 54.9 percentage points (ZGA -43.8% against BORDR -98.7%). Their daily returns move barely together (correlation 0.29 across 23 shared trading days). BORDR has been the more volatile of the two, at 959% annualised against ZGA's 161%.
ZGABORDR
0.29over 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 | ZGA | BORDR |
|---|---|---|
| Max drawdown (400d) | -50.7% | -99.8% |
| Risk-adjusted return (90d) | -0.27 | -0.10 |
Relative strength over 90 days: ZGA outperformed BORDR by 1934.1% — measured on the ZGA/BORDR ratio, so it holds regardless of market direction.