Notcoin (NOT) is 1185.3× the size of 道德經 (Tao Te Ching) (道德經) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 33 shared trading days). Both have run at a similar volatility, around 102% annualised.
道德經NOT
0.20over 33 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 | 道德經 | NOT |
|---|---|---|
| Max drawdown (400d) | -46.7% | -80.5% |
| Risk-adjusted return (90d) | -0.47 | -0.10 |
| Best 30 days (past year) | — | +93.4% |
| Worst 30 days (past year) | — | -46.3% |
Relative strength over 90 days: NOT outperformed 道德經 by 17.6% — measured on the 道德經/NOT ratio, so it holds regardless of market direction.