Turbo (TURBO) is 1.2× the size of BOOK OF MEME (BOME) by market capitalisation. Over the past 1 year, BOME is ahead by 31.2 percentage points (TURBO -59.0% against BOME -27.8%). Their daily returns move closely together (correlation 0.67 across 399 shared trading days). Both have run at a similar volatility, around 115% annualised.
TURBOBOME
0.67over 399 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 | TURBO | BOME |
|---|---|---|
| Max drawdown (400d) | -80.7% | -79.5% |
| Risk-adjusted return (90d) | -0.07 | 0.03 |
| Best 30 days (past year) | +46.2% | +186.8% |
| Worst 30 days (past year) | -53.3% | -52.9% |
Relative strength over 90 days: BOME outperformed TURBO by 10.1% — measured on the TURBO/BOME ratio, so it holds regardless of market direction.