DoubleZero (2Z) is 18.3× the size of TAC (TAC) by market capitalisation. Over the past 1 year, 2Z is ahead by 1.4 percentage points (TAC -86.8% against 2Z -85.3%). Their daily returns move barely together (correlation 0.16 across 363 shared trading days). TAC has been the more volatile of the two, at 281% annualised against 2Z's 100%.
TAC2Z
0.16over 363 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 | TAC | 2Z |
|---|---|---|
| Max drawdown (400d) | -98.4% | -96.1% |
| Risk-adjusted return (90d) | -0.28 | -0.58 |
| Best 30 days (past year) | — | +35.8% |
| Worst 30 days (past year) | — | -61.3% |
Relative strength over 90 days: 2Z outperformed TAC by 93.9% — measured on the TAC/2Z ratio, so it holds regardless of market direction.