Maple Finance (SYRUP) is 71.5× the size of Boson (BOSON) by market capitalisation. Over the past 1 year, SYRUP is ahead by 18.2 percentage points (BOSON -78.9% against SYRUP -60.7%). Their daily returns move barely together (correlation 0.13 across 373 shared trading days). BOSON has been the more volatile of the two, at 148% annualised against SYRUP's 87%.
BOSONSYRUP
0.13over 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 | BOSON | SYRUP |
|---|---|---|
| Max drawdown (400d) | -83.7% | -74.3% |
| Risk-adjusted return (90d) | -0.37 | 0.00 |
| Best 30 days (past year) | +142.3% | +52.7% |
| Worst 30 days (past year) | -52.3% | -49.6% |
Relative strength over 90 days: SYRUP outperformed BOSON by 33.4% — measured on the BOSON/SYRUP ratio, so it holds regardless of market direction.