Bundle Cat vs Toshi

Toshi (TOSHI) is 6.5× the size of Bundle Cat (BUN) by market capitalisation. Over the past 30 days, BUN is ahead by 443.4 percentage points (BUN +435.1% against TOSHI -8.3%). Their daily returns move barely in opposite directions (correlation -0.07 across 20 shared trading days). BUN has been the more volatile of the two, at 642% annualised against TOSHI's 83%.

Correlation: -0.07
Size ratio: 1 : 6.5
Ahead over 30 days: BUN

Bundle CatBUN

$0.032329

24h: -5.36%
Market cap: $6.72M
Volume 24h: $1.06M
Volatility (ann.): 642%

ToshiTOSHI

$0.000104

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

BUN 13.4%Share of the two combined market caps86.6% TOSHI

Performance

BUNTOSHI

7 days+88.55%-6.12%BUN
30 days+435.07%-8.29%BUN

Correlation

-0.07over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	BUN	TOSHI
Max drawdown (400d)	-50.7%	-24.2%
Risk-adjusted return (90d)	0.68	-0.09

Relative strength over 90 days: BUN outperformed TOSHI by 422.5% — measured on the BUN/TOSHI ratio, so it holds regardless of market direction.

Bundle Cat →Toshi →