RaveDAO (RAVE) is 46.5× the size of DEV TOMMY JINGL (TOMMYJINGL) by market capitalisation. Their daily returns move closely together (correlation 0.76 across 20 shared trading days). Both have run at a similar volatility, around 90% annualised.
TOMMYJINGLRAVE
0.76over 20 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 | TOMMYJINGL | RAVE |
|---|---|---|
| Max drawdown (400d) | -59.9% | -56.3% |
| Risk-adjusted return (90d) | 0.14 | -0.60 |
Relative strength over 90 days: TOMMYJINGL outperformed RAVE by 159.1% — measured on the TOMMYJINGL/RAVE ratio, so it holds regardless of market direction.