Bittensor (TAO) is 52803.7× the size of GNY (GNY) by market capitalisation. Their daily returns move loosely together (correlation 0.39 across 112 shared trading days). GNY has been the more volatile of the two, at 154% annualised against TAO's 97%.
GNYTAO
0.39over 112 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 | GNY | TAO |
|---|---|---|
| Max drawdown (400d) | -96.1% | -70.7% |
| Risk-adjusted return (90d) | -0.59 | 0.25 |
| Best 30 days (past year) | — | +104.1% |
| Worst 30 days (past year) | — | -48.1% |
Relative strength over 90 days: TAO outperformed GNY by 92.0% — measured on the GNY/TAO ratio, so it holds regardless of market direction.