OriginTrail (TRAC) is 3650.7× the size of Tycoon by Shareland (TYCOON) by market capitalisation. Their daily returns move closely together (correlation 0.71 across 31 shared trading days). TYCOON has been the more volatile of the two, at 212% annualised against TRAC's 104%.
TYCOONTRAC
0.71over 31 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 | TYCOON | TRAC |
|---|---|---|
| Max drawdown (400d) | -82.1% | -22.2% |
| Risk-adjusted return (90d) | -0.07 | 0.33 |
Relative strength over 90 days: TYCOON outperformed TRAC by 1.3% — measured on the TYCOON/TRAC ratio, so it holds regardless of market direction.