Bittensor (TAO) is 153.7× the size of Surplus intelligence (SURPLUS) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 36 shared trading days). SURPLUS has been the more volatile of the two, at 687% annualised against TAO's 97%.
$0.000176
SURPLUSTAO
0.03over 36 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 | SURPLUS | TAO |
|---|---|---|
| Max drawdown (400d) | -37.0% | -70.7% |
| Risk-adjusted return (90d) | 0.44 | 0.16 |
| Best 30 days (past year) | — | +104.1% |
| Worst 30 days (past year) | — | -48.1% |
Relative strength over 90 days: SURPLUS outperformed TAO by 310.8% — measured on the SURPLUS/TAO ratio, so it holds regardless of market direction.