Render (RENDER) is 691.5× the size of Tatsu (TATSU) by market capitalisation. Over the past 1 year, RENDER is ahead by 23.1 percentage points (TATSU -48.6% against RENDER -25.5%). Their daily returns move barely together (correlation 0.33 across 373 shared trading days). TATSU has been the more volatile of the two, at 273% annualised against RENDER's 95%.
TATSURENDER
0.33over 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 | RENDER |
|---|---|---|
| Max drawdown (400d) | -90.4% | -66.8% |
| Risk-adjusted return (90d) | 0.15 | 0.17 |
| Best 30 days (past year) | +229.8% | +82.4% |
| Worst 30 days (past year) | -65.5% | -49.7% |
Relative strength over 90 days: TATSU outperformed RENDER by 73.9% — measured on the TATSU/RENDER ratio, so it holds regardless of market direction.