Toshi (TOSHI) is 64.7× the size of LEO (LEO) by market capitalisation. Over the past 30 days, TOSHI is ahead by 19.9 percentage points (LEO -28.2% against TOSHI -8.3%). Their daily returns move loosely together (correlation 0.53 across 24 shared trading days). LEO has been the more volatile of the two, at 185% annualised against TOSHI's 83%.
LEOTOSHI
0.53over 24 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 | TOSHI |
|---|---|---|
| Max drawdown (400d) | -52.5% | -24.2% |
| Risk-adjusted return (90d) | -0.15 | -0.09 |
Relative strength over 90 days: TOSHI outperformed LEO by 21.5% — measured on the LEO/TOSHI ratio, so it holds regardless of market direction.