PrivateAI (PGPT) and Bittensor (TAO) compared side by side. Over the past 1 year, TAO is ahead by 6.2 percentage points (PGPT -57.8% against TAO -51.6%). Their daily returns move barely in opposite directions (correlation -0.01 across 363 shared trading days). PGPT has been the more volatile of the two, at 170% annualised against TAO's 97%.
PGPTTAO
-0.01over 363 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 | PGPT | TAO |
|---|---|---|
| Max drawdown (400d) | -88.6% | -70.7% |
| Risk-adjusted return (90d) | 1.61 | 0.16 |
| Best 30 days (past year) | — | +104.1% |
| Worst 30 days (past year) | — | -48.1% |
Relative strength over 90 days: PGPT outperformed TAO by 77.3% — measured on the PGPT/TAO ratio, so it holds regardless of market direction.