Threshold Network (T) is 814.3× the size of Teleport System Token (TST) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 190 shared trading days). TST has been the more volatile of the two, at 213% annualised against T's 94%.
TSTT
0.03over 190 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 | TST | T |
|---|---|---|
| Max drawdown (400d) | -84.8% | -79.6% |
| Risk-adjusted return (90d) | -0.28 | 0.25 |
| Best 30 days (past year) | — | +61.5% |
| Worst 30 days (past year) | — | -44.1% |
Relative strength over 90 days: T outperformed TST by 18.9% — measured on the TST/T ratio, so it holds regardless of market direction.