Templar DAO (TEM) and KlimaDAO [OLD] (KLIMA) compared side by side. Over the past 30 days, TEM is ahead by 5.1 percentage points (TEM -11.8% against KLIMA -16.9%). Their daily returns move loosely together (correlation 0.49 across 31 shared trading days). KLIMA has been the more volatile of the two, at 88% annualised against TEM's 55%.
TEMKLIMA
0.49over 31 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 | TEM | KLIMA |
|---|---|---|
| Max drawdown (400d) | -14.6% | -24.6% |
| Risk-adjusted return (90d) | -0.18 | -0.19 |
Relative strength over 90 days: TEM outperformed KLIMA by 8.1% — measured on the TEM/KLIMA ratio, so it holds regardless of market direction.