Celestia (TIA) is 49.0× the size of Avail (AVAIL) by market capitalisation. Over the past 1 year, TIA is ahead by 36.1 percentage points (AVAIL -82.5% against TIA -46.4%). Their daily returns move barely together (correlation 0.26 across 373 shared trading days). Both have run at a similar volatility, around 105% annualised.
AVAILTIA
0.26over 373 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 | AVAIL | TIA |
|---|---|---|
| Max drawdown (400d) | -87.0% | -81.6% |
| Risk-adjusted return (90d) | -0.24 | 0.23 |
| Best 30 days (past year) | +31.9% | +101.4% |
| Worst 30 days (past year) | -46.7% | -47.6% |
Relative strength over 90 days: TIA outperformed AVAIL by 29.1% — measured on the AVAIL/TIA ratio, so it holds regardless of market direction.