Templar DAO (TEM) and Olympus (OHM) compared side by side. Over the past 30 days, OHM is ahead by 2.4 percentage points (TEM -11.8% against OHM -9.4%). Their daily returns move barely together (correlation 0.16 across 24 shared trading days). TEM has been the more volatile of the two, at 55% annualised against OHM's 28%.
TEMOHM
0.16over 24 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 | OHM |
|---|---|---|
| Max drawdown (400d) | -14.6% | -10.8% |
| Risk-adjusted return (90d) | -0.18 | -0.03 |
Relative strength over 90 days: TEM outperformed OHM by 1.9% — measured on the TEM/OHM ratio, so it holds regardless of market direction.