The Innovation Game (TIG) is 85.1× the size of GenomesDAO GENOME (GENOME) by market capitalisation. Their daily returns move loosely together (correlation 0.51 across 38 shared trading days). TIG has been the more volatile of the two, at 152% annualised against GENOME's 89%.
GENOMETIG
0.51over 38 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 | GENOME | TIG |
|---|---|---|
| Max drawdown (400d) | -58.7% | -46.1% |
| Risk-adjusted return (90d) | -0.52 | -0.18 |
Relative strength over 90 days: TIG outperformed GENOME by 1.6% — measured on the GENOME/TIG ratio, so it holds regardless of market direction.