Bittensor (TAO) is 2277.5× the size of Tatsu (TATSU) by market capitalisation. Over the past 1 year, TATSU is ahead by 3.0 percentage points (TATSU -48.6% against TAO -51.6%). Their daily returns move loosely together (correlation 0.47 across 373 shared trading days). TATSU has been the more volatile of the two, at 273% annualised against TAO's 97%.
TATSUTAO
0.47over 373 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 | TATSU | TAO |
|---|---|---|
| Max drawdown (400d) | -90.4% | -70.7% |
| Risk-adjusted return (90d) | 0.15 | 0.16 |
| Best 30 days (past year) | +229.8% | +104.1% |
| Worst 30 days (past year) | -65.5% | -48.1% |
Relative strength over 90 days: TATSU outperformed TAO by 56.0% — measured on the TATSU/TAO ratio, so it holds regardless of market direction.