Toshi (TOSHI) is 202.0× the size of JACK (JACK) by market capitalisation. Over the past 30 days, JACK is ahead by 6.3 percentage points (JACK -1.7% against TOSHI -8.0%). Their daily returns move barely together (correlation 0.12 across 20 shared trading days). TOSHI has been the more volatile of the two, at 82% annualised against JACK's 58%.
JACKTOSHI
0.12over 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 | JACK | TOSHI |
|---|---|---|
| Max drawdown (400d) | -19.0% | -24.2% |
| Risk-adjusted return (90d) | -0.02 | -0.08 |
Relative strength over 90 days: JACK outperformed TOSHI by 11.9% — measured on the JACK/TOSHI ratio, so it holds regardless of market direction.