Billy (Bitcoin) vs Toshi

Toshi (TOSHI) is 28.0× the size of Billy (Bitcoin) (BILLY) by market capitalisation. Over the past 30 days, TOSHI is ahead by 30.3 percentage points (BILLY -38.6% against TOSHI -8.3%). Their daily returns move closely together (correlation 0.61 across 33 shared trading days). BILLY has been the more volatile of the two, at 212% annualised against TOSHI's 83%.

Correlation: 0.61
Size ratio: 1 : 28.0
Ahead over 30 days: TOSHI

Billy (Bitcoin)BILLY

$0.001558

24h: +6.67%
Market cap: $1.56M
Volume 24h: $2,880
Volatility (ann.): 212%

ToshiTOSHI

$0.000104

24h: +0.54%
Market cap: $43.56M
Volume 24h: $2.50M
Volatility (ann.): 83%

BILLY 3.5%Share of the two combined market caps96.5% TOSHI

Performance

BILLYTOSHI

7 days+2.44%-6.12%BILLY
30 days-38.56%-8.29%TOSHI

Correlation

0.61over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6490d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	BILLY	TOSHI
Max drawdown (400d)	-50.0%	-24.2%
Risk-adjusted return (90d)	-0.21	-0.09

Relative strength over 90 days: TOSHI outperformed BILLY by 35.8% — measured on the BILLY/TOSHI ratio, so it holds regardless of market direction.

Billy (Bitcoin) →Toshi →