Turbo (TURBO) is 1379.5× the size of GLITCH (GLITCH) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 28 shared trading days). GLITCH has been the more volatile of the two, at 2711% annualised against TURBO's 109%.
GLITCHTURBO
0.12over 28 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 | GLITCH | TURBO |
|---|---|---|
| Max drawdown (400d) | -95.4% | -80.7% |
| Risk-adjusted return (90d) | -0.03 | 0.11 |
| Best 30 days (past year) | — | +46.2% |
| Worst 30 days (past year) | — | -53.3% |
Relative strength over 90 days: TURBO outperformed GLITCH by 61.8% — measured on the GLITCH/TURBO ratio, so it holds regardless of market direction.