Data Network vs Bittensor

Bittensor (TAO) is 61.7× the size of Data Network (DATA) by market capitalisation. Their daily returns move closely together (correlation 0.62 across 140 shared trading days). DATA has been the more volatile of the two, at 22027% annualised against TAO's 97%.

Correlation: 0.62
Size ratio: 1 : 61.7

Data NetworkDATA

$0.000880

24h: +1.74%
Market cap: $44.10M
Volume 24h: $3.89M
Volatility (ann.): 22027%

BittensorTAO

$233.8000

24h: +1.88%
Market cap: $2.72B
Volume 24h: $89.60M
Volatility (ann.): 97%

DATA 1.6%Share of the two combined market caps98.4% TAO

Performance

DATATAO

7 days+5111.42%-11.69%DATA
30 days+2616.47%-25.81%DATA
90 days+1690.94%+14.38%DATA
1 year—-51.59%—

Correlation

0.62over 140 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9190d: 0.781y: 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	DATA	TAO
Max drawdown (400d)	-93.3%	-70.7%
Risk-adjusted return (90d)	0.06	0.16
Best 30 days (past year)	—	+104.1%
Worst 30 days (past year)	—	-48.1%

Relative strength over 90 days: DATA outperformed TAO by 2483.8% — measured on the DATA/TAO ratio, so it holds regardless of market direction.

Data Network →Bittensor →