Turbo (TURBO) is 2895.2× the size of Degen Capital by Virtuals (DEGENC) by market capitalisation. Their daily returns move loosely together (correlation 0.43 across 183 shared trading days). DEGENC has been the more volatile of the two, at 164% annualised against TURBO's 109%.
DEGENCTURBO
0.43over 183 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 | DEGENC | TURBO |
|---|---|---|
| Max drawdown (400d) | -92.2% | -80.7% |
| Risk-adjusted return (90d) | -0.25 | -0.06 |
| Best 30 days (past year) | — | +46.2% |
| Worst 30 days (past year) | — | -53.3% |
Relative strength over 90 days: TURBO outperformed DEGENC by 29.3% — measured on the DEGENC/TURBO ratio, so it holds regardless of market direction.