Bittensor (TAO) is 98071.6× the size of grantr (GRANTR) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.02 across 21 shared trading days). TAO has been the more volatile of the two, at 98% annualised against GRANTR's 54%.
GRANTRTAO
-0.02over 21 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 | GRANTR | TAO |
|---|---|---|
| Max drawdown (400d) | -19.3% | -70.7% |
| Risk-adjusted return (90d) | -0.24 | 0.13 |
| Best 30 days (past year) | — | +104.1% |
| Worst 30 days (past year) | — | -48.1% |
Relative strength over 90 days: GRANTR outperformed TAO by 22.8% — measured on the GRANTR/TAO ratio, so it holds regardless of market direction.