TurtSat vs Trio (Ordinals)

Trio (Ordinals) (TRIO) is 12.2× the size of TurtSat (TURT) by market capitalisation. Over the past 30 days, TRIO is ahead by 116.5 percentage points (TURT -91.7% against TRIO +24.8%). Their daily returns move barely together (correlation 0.26 across 31 shared trading days). TURT has been the more volatile of the two, at 328% annualised against TRIO's 198%.

Correlation: 0.26
Size ratio: 1 : 12.2
Ahead over 30 days: TRIO

TurtSatTURT

$2.364e-5

24h: -11.54%
Market cap: $14,509
Volume 24h: $35,340
Volatility (ann.): 328%

Trio (Ordinals)TRIO

$0.008419

24h: -0.01%
Market cap: $176,789
Volume 24h: $68,111
Volatility (ann.): 198%

TURT 7.6%Share of the two combined market caps92.4% TRIO

Performance

TURTTRIO

7 days-34.19%+11.20%TRIO
30 days-91.70%+24.76%TRIO

Correlation

0.26over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	TURT	TRIO
Max drawdown (400d)	-92.6%	-30.3%
Risk-adjusted return (90d)	-0.28	0.12

Relative strength over 90 days: TRIO outperformed TURT by 68.1% — measured on the TURT/TRIO ratio, so it holds regardless of market direction.

TurtSat →Trio (Ordinals) →