TAGGER (TAG) is 2978.5× the size of LEON AI (LEON) by market capitalisation. Over the past 30 days, LEON is ahead by 14.8 percentage points (LEON +7.3% against TAG -7.5%). Their daily returns move loosely together (correlation 0.37 across 22 shared trading days). Both have run at a similar volatility, around 196% annualised.
LEONTAG
0.37over 22 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 | LEON | TAG |
|---|---|---|
| Max drawdown (400d) | -27.9% | -52.8% |
| Risk-adjusted return (90d) | 0.09 | -0.15 |
Relative strength over 90 days: TAG outperformed LEON by 8.6% — measured on the LEON/TAG ratio, so it holds regardless of market direction.