Bittensor (TAO) is 111862.4× the size of NeurochainAI (NCN) by market capitalisation. Over the past 1 year, TAO is ahead by 32.5 percentage points (NCN -74.2% against TAO -41.7%). Their daily returns move barely together (correlation 0.01 across 366 shared trading days). NCN has been the more volatile of the two, at 48554% annualised against TAO's 97%.
NCNTAO
0.01over 366 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 | NCN | TAO |
|---|---|---|
| Max drawdown (400d) | -100.0% | -70.7% |
| Risk-adjusted return (90d) | 0.00 | 0.25 |
| Best 30 days (past year) | +63.6% | +104.1% |
| Worst 30 days (past year) | -99.8% | -48.1% |
Relative strength over 90 days: TAO outperformed NCN by 61.6% — measured on the NCN/TAO ratio, so it holds regardless of market direction.