Shiba Inu (SHIB) is 103.2× the size of Neiro (NEIRO) by market capitalisation. Over the past 1 year, SHIB is ahead by 9.7 percentage points (NEIRO -59.3% against SHIB -49.6%). Their daily returns move closely together (correlation 0.74 across 399 shared trading days). NEIRO has been the more volatile of the two, at 122% annualised against SHIB's 69%.
NEIROSHIB
0.74over 399 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 | NEIRO | SHIB |
|---|---|---|
| Max drawdown (400d) | -81.7% | -68.0% |
| Risk-adjusted return (90d) | -0.03 | -0.08 |
| Best 30 days (past year) | +78.5% | +39.1% |
| Worst 30 days (past year) | -51.3% | -38.4% |
Relative strength over 90 days: NEIRO outperformed SHIB by 2.7% — measured on the NEIRO/SHIB ratio, so it holds regardless of market direction.