Maple Finance (SYRUP) is 192.9× the size of TrueFi (TRU) by market capitalisation. Their daily returns move barely together (correlation 0.34 across 243 shared trading days). TRU has been the more volatile of the two, at 168% annualised against SYRUP's 87%.
TRUSYRUP
0.34over 243 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 | TRU | SYRUP |
|---|---|---|
| Max drawdown (400d) | -97.5% | -74.3% |
| Risk-adjusted return (90d) | -0.37 | 0.00 |
| Best 30 days (past year) | — | +52.7% |
| Worst 30 days (past year) | — | -49.6% |
Relative strength over 90 days: SYRUP outperformed TRU by 77.4% — measured on the TRU/SYRUP ratio, so it holds regardless of market direction.