Jito (JTO) is 3.1× the size of Babylon (BABY) by market capitalisation. Over the past 1 year, BABY is ahead by 5.7 percentage points (BABY -51.4% against JTO -57.0%). Their daily returns move barely together (correlation 0.31 across 399 shared trading days). Both have run at a similar volatility, around 119% annualised.
BABYJTO
0.31over 399 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 | BABY | JTO |
|---|---|---|
| Max drawdown (400d) | -83.3% | -85.9% |
| Risk-adjusted return (90d) | 0.09 | -0.30 |
| Best 30 days (past year) | +50.6% | +109.1% |
| Worst 30 days (past year) | -46.1% | -51.6% |
Relative strength over 90 days: BABY outperformed JTO by 60.3% — measured on the BABY/JTO ratio, so it holds regardless of market direction.