Maple Finance (SYRUP) is 436.9× the size of THORWallet (TITN) by market capitalisation. Over the past 1 year, SYRUP is ahead by 24.6 percentage points (TITN -82.1% against SYRUP -57.5%). Their daily returns move barely together (correlation 0.12 across 341 shared trading days). TITN has been the more volatile of the two, at 146% annualised against SYRUP's 87%.
TITNSYRUP
0.12over 341 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 | TITN | SYRUP |
|---|---|---|
| Max drawdown (400d) | -98.5% | -74.3% |
| Risk-adjusted return (90d) | 0.36 | 0.04 |
| Best 30 days (past year) | — | +52.7% |
| Worst 30 days (past year) | — | -49.6% |
Relative strength over 90 days: TITN outperformed SYRUP by 64.0% — measured on the TITN/SYRUP ratio, so it holds regardless of market direction.