Bitcoin (BTC) is 71797.1× the size of Tokamak Network (TON) by market capitalisation. Over the past 1 year, BTC is ahead by 24.7 percentage points (TON -54.4% against BTC -29.7%). Their daily returns move loosely together (correlation 0.53 across 317 shared trading days). TON has been the more volatile of the two, at 83% annualised against BTC's 44%.
| Period | TON | BTC | Ahead |
|---|---|---|---|
| 7 days | -5.20% | +5.14% | BTC |
| 30 days | -11.83% | +11.26% | BTC |
| 90 days | +31.39% | +28.33% | TON |
| 1 year | -54.42% | -29.73% | BTC |
| Metric | TON | BTC |
|---|---|---|
| Max drawdown (400d) | -65.8% | -53.0% |
| Risk-adjusted return (90d) | 0.28 | 0.74 |
| Best 30 days (past year) | — | +26.8% |
| Worst 30 days (past year) | — | -32.9% |
Relative strength over 90 days: TON outperformed BTC by 48.9% — measured on the TON/BTC ratio, so it holds regardless of market direction.
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.