LEO Token (LEO) is 2.8× the size of Gram (prev. Toncoin) (GRAM) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 69 shared trading days). GRAM has been the more volatile of the two, at 59% annualised against LEO's 21%.
LEOGRAM
0.10over 69 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 | LEO | GRAM |
|---|---|---|
| Max drawdown (400d) | -8.8% | -42.8% |
| Risk-adjusted return (90d) | -0.10 | -0.34 |
Relative strength over 90 days: LEO outperformed GRAM by 25.3% — measured on the LEO/GRAM ratio, so it holds regardless of market direction.