Shiba Inu (SHIB) is 60308.4× the size of TonCapy (TCAPY) by market capitalisation. Over the past 1 year, SHIB is ahead by 53.3 percentage points (TCAPY -99.8% against SHIB -46.6%). Their daily returns move barely together (correlation 0.06 across 362 shared trading days). TCAPY has been the more volatile of the two, at 142% annualised against SHIB's 69%.
TCAPYSHIB
0.06over 362 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 | TCAPY | SHIB |
|---|---|---|
| Max drawdown (400d) | -99.9% | -68.0% |
| Risk-adjusted return (90d) | -1.02 | 0.01 |
| Best 30 days (past year) | — | +39.1% |
| Worst 30 days (past year) | — | -38.4% |
Relative strength over 90 days: SHIB outperformed TCAPY by 66.7% — measured on the TCAPY/SHIB ratio, so it holds regardless of market direction.