TempleDAO vs Snowbank

TempleDAO (TEMPLE) is 1.7× the size of Snowbank (SB) by market capitalisation. Over the past 30 days, TEMPLE is ahead by 4.6 percentage points (TEMPLE +4.7% against SB +0.0%). Their daily returns move barely in opposite directions (correlation -0.08 across 49 shared trading days). Both have run at a similar volatility, around 62% annualised.

Correlation: -0.08
Size ratio: 1.7×
Ahead over 30 days: TEMPLE

TempleDAOTEMPLE

$2.7300

24h: +1.11%
Market cap: $64.68M
Volume 24h: $3,071
Volatility (ann.): 60%

SnowbankSB

$235.3000

24h: +4.18%
Market cap: $37.56M
Volume 24h: $18
Volatility (ann.): 65%

TEMPLE 63.3%Share of the two combined market caps36.7% SB

Performance

TEMPLESB

7 days-10.00%+0.01%SB
30 days+4.65%+0.03%TEMPLE

Correlation

-0.08over 49 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	TEMPLE	SB
Max drawdown (400d)	-13.5%	-17.8%
Risk-adjusted return (90d)	0.02	-0.01

Relative strength over 90 days: TEMPLE outperformed SB by 2.2% — measured on the TEMPLE/SB ratio, so it holds regardless of market direction.

TempleDAO →Snowbank →