Toyow (TTN) and Ondo (ONDO) compared side by side. Over the past 1 year, ONDO is ahead by 36.9 percentage points (TTN -73.4% against ONDO -36.5%). Their daily returns move barely in opposite directions (correlation -0.05 across 341 shared trading days). Both have run at a similar volatility, around 91% annualised.
TTNONDO
-0.05over 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 | TTN | ONDO |
|---|---|---|
| Max drawdown (400d) | -74.5% | -76.6% |
| Risk-adjusted return (90d) | -1.05 | 0.04 |
| Best 30 days (past year) | — | +76.6% |
| Worst 30 days (past year) | — | -50.8% |
Relative strength over 90 days: ONDO outperformed TTN by 62.3% — measured on the TTN/ONDO ratio, so it holds regardless of market direction.