Toshi (TOSHI) is 64.2× the size of Ket (KET) by market capitalisation. Over the past 30 days, KET is ahead by 12.1 percentage points (KET +3.9% against TOSHI -8.3%). Their daily returns move closely together (correlation 0.71 across 32 shared trading days). KET has been the more volatile of the two, at 716% annualised against TOSHI's 83%.
KETTOSHI
0.71over 32 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 | KET | TOSHI |
|---|---|---|
| Max drawdown (400d) | -72.6% | -24.2% |
| Risk-adjusted return (90d) | -0.01 | -0.09 |
Relative strength over 90 days: KET outperformed TOSHI by 5.0% — measured on the KET/TOSHI ratio, so it holds regardless of market direction.