Toyow (TTN) and Maple Finance (SYRUP) compared side by side. Over the past 1 year, SYRUP is ahead by 12.7 percentage points (TTN -73.4% against SYRUP -60.7%). Their daily returns move barely in opposite directions (correlation -0.06 across 341 shared trading days). Both have run at a similar volatility, around 87% annualised.
TTNSYRUP
-0.06over 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 | SYRUP |
|---|---|---|
| Max drawdown (400d) | -74.5% | -74.3% |
| Risk-adjusted return (90d) | -1.05 | 0.00 |
| Best 30 days (past year) | — | +52.7% |
| Worst 30 days (past year) | — | -49.6% |
Relative strength over 90 days: SYRUP outperformed TTN by 62.0% — measured on the TTN/SYRUP ratio, so it holds regardless of market direction.