Toshi (TOSHI) is 920.9× the size of sushicat (SUSHICAT) by market capitalisation. Over the past 30 days, TOSHI is ahead by 21.5 percentage points (SUSHICAT -29.5% against TOSHI -8.0%). Their daily returns move barely together (correlation 0.31 across 20 shared trading days). Both have run at a similar volatility, around 81% annualised.
SUSHICATTOSHI
0.31over 20 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 | SUSHICAT | TOSHI |
|---|---|---|
| Max drawdown (400d) | -43.0% | -24.2% |
| Risk-adjusted return (90d) | -0.48 | -0.08 |
Relative strength over 90 days: TOSHI outperformed SUSHICAT by 3.6% — measured on the SUSHICAT/TOSHI ratio, so it holds regardless of market direction.