AWE Network (AWE) is 44.0× the size of Zyfai (ZFI) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.36 across 39 shared trading days). ZFI has been the more volatile of the two, at 270% annualised against AWE's 84%.
ZFIAWE
-0.36over 39 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 | ZFI | AWE |
|---|---|---|
| Max drawdown (400d) | -21.3% | -60.1% |
| Risk-adjusted return (90d) | 0.31 | 0.20 |
| Best 30 days (past year) | — | +87.1% |
| Worst 30 days (past year) | — | -46.6% |
Relative strength over 90 days: ZFI outperformed AWE by 81.1% — measured on the ZFI/AWE ratio, so it holds regardless of market direction.