Bittensor (TAO) is 2607.0× the size of Clore.ai (CLORE) by market capitalisation. Over the past 1 year, TAO is ahead by 27.1 percentage points (CLORE -78.7% against TAO -51.6%). Their daily returns move barely together (correlation 0.28 across 363 shared trading days). Both have run at a similar volatility, around 96% annualised.
CLORETAO
0.28over 363 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 | CLORE | TAO |
|---|---|---|
| Max drawdown (400d) | -94.9% | -70.7% |
| Risk-adjusted return (90d) | 0.85 | 0.16 |
| Best 30 days (past year) | — | +104.1% |
| Worst 30 days (past year) | — | -48.1% |
Relative strength over 90 days: CLORE outperformed TAO by 24.6% — measured on the CLORE/TAO ratio, so it holds regardless of market direction.