NOOT (Ordinals) vs Trio (Ordinals)

Trio (Ordinals) (TRIO) is 7.0× the size of NOOT (Ordinals) (NOOT) by market capitalisation. Over the past 30 days, TRIO is ahead by 77.4 percentage points (NOOT -52.7% against TRIO +24.8%). Their daily returns move barely in opposite directions (correlation -0.31 across 24 shared trading days). NOOT has been the more volatile of the two, at 247% annualised against TRIO's 198%.

Correlation: -0.31
Size ratio: 1 : 7.0
Ahead over 30 days: TRIO

NOOT (Ordinals)NOOT

$2.523e-5

24h: —
Market cap: $25,233
Volume 24h: $155
Volatility (ann.): 247%

Trio (Ordinals)TRIO

$0.008420

24h: +0.18%
Market cap: $176,811
Volume 24h: $68,688
Volatility (ann.): 198%

NOOT 12.5%Share of the two combined market caps87.5% TRIO

Performance

NOOTTRIO

7 days-10.84%+11.20%TRIO
30 days-52.66%+24.76%TRIO

Correlation

-0.31over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	NOOT	TRIO
Max drawdown (400d)	-52.7%	-30.3%
Risk-adjusted return (90d)	-0.21	0.12

Relative strength over 90 days: TRIO outperformed NOOT by 57.3% — measured on the NOOT/TRIO ratio, so it holds regardless of market direction.

NOOT (Ordinals) →Trio (Ordinals) →