Toshi (TOSHI) is 1189.3× the size of Meow Meow Coin (MEOW) by market capitalisation. Their daily returns move loosely together (correlation 0.58 across 26 shared trading days). MEOW has been the more volatile of the two, at 258% annualised against TOSHI's 83%.
MEOWTOSHI
0.58over 26 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 | MEOW | TOSHI |
|---|---|---|
| Max drawdown (400d) | -82.8% | -25.5% |
| Risk-adjusted return (90d) | 0.02 | -0.16 |
Relative strength over 90 days: MEOW outperformed TOSHI by 26.0% — measured on the MEOW/TOSHI ratio, so it holds regardless of market direction.