Ribbita by Virtuals [OLD] (TIBBIR) and Turbo (TURBO) compared side by side. Their daily returns move loosely together (correlation 0.40 across 57 shared trading days). TIBBIR has been the more volatile of the two, at 198% annualised against TURBO's 109%.
TIBBIRTURBO
0.40over 57 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 | TIBBIR | TURBO |
|---|---|---|
| Max drawdown (400d) | -36.8% | -80.7% |
| Risk-adjusted return (90d) | 0.07 | -0.07 |
| Best 30 days (past year) | — | +46.2% |
| Worst 30 days (past year) | — | -53.3% |
Relative strength over 90 days: TIBBIR outperformed TURBO by 14.5% — measured on the TIBBIR/TURBO ratio, so it holds regardless of market direction.