OriginTrail (TRAC) is 2056.0× the size of The Audit Oracle (AUDIT) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 20 shared trading days). Both have run at a similar volatility, around 110% annualised.
AUDITTRAC
0.38over 20 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 | AUDIT | TRAC |
|---|---|---|
| Max drawdown (400d) | -62.9% | -22.2% |
| Risk-adjusted return (90d) | -0.05 | 0.33 |
Relative strength over 90 days: TRAC outperformed AUDIT by 13.4% — measured on the AUDIT/TRAC ratio, so it holds regardless of market direction.