Turbo (TURBO) is 1950.1× the size of STIX (STIX) by market capitalisation. Over the past 1 year, TURBO is ahead by 33.0 percentage points (STIX -96.4% against TURBO -63.4%). Their daily returns move barely together (correlation 0.13 across 368 shared trading days). STIX has been the more volatile of the two, at 242% annualised against TURBO's 109%.
STIXTURBO
0.13over 368 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 | STIX | TURBO |
|---|---|---|
| Max drawdown (400d) | -96.4% | -82.0% |
| Risk-adjusted return (90d) | -0.39 | -0.15 |
| Best 30 days (past year) | +267.3% | +46.2% |
| Worst 30 days (past year) | -89.5% | -53.3% |
Relative strength over 90 days: TURBO outperformed STIX by 76.9% — measured on the STIX/TURBO ratio, so it holds regardless of market direction.