IOTA (IOTA) is 2656.1× the size of Taraxa (TARA) by market capitalisation. Over the past 1 year, IOTA is ahead by 31.5 percentage points (TARA -100.0% against IOTA -68.5%). Their daily returns move barely together (correlation 0.29 across 366 shared trading days). TARA has been the more volatile of the two, at 285% annualised against IOTA's 76%.
TARAIOTA
0.29over 366 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 | TARA | IOTA |
|---|---|---|
| Max drawdown (400d) | -100.0% | -83.5% |
| Risk-adjusted return (90d) | -0.29 | 0.21 |
| Best 30 days (past year) | +133.3% | +51.5% |
| Worst 30 days (past year) | -100.0% | -45.9% |
Relative strength over 90 days: IOTA outperformed TARA by 100.0% — measured on the TARA/IOTA ratio, so it holds regardless of market direction.