Toshi (TOSHI) is 870.1× the size of Landwolf (WOLF) by market capitalisation. Their daily returns move closely together (correlation 0.68 across 38 shared trading days). Both have run at a similar volatility, around 87% annualised.
WOLFTOSHI
0.68over 38 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 | WOLF | TOSHI |
|---|---|---|
| Max drawdown (400d) | -64.7% | -24.2% |
| Risk-adjusted return (90d) | -0.28 | -0.08 |
Relative strength over 90 days: TOSHI outperformed WOLF by 25.5% — measured on the WOLF/TOSHI ratio, so it holds regardless of market direction.