Turbo (TURBO) is 8305.6× the size of Zygo The Frog (ZYGO) by market capitalisation. Their daily returns move barely together (correlation 0.15 across 184 shared trading days). ZYGO has been the more volatile of the two, at 291% annualised against TURBO's 109%.
ZYGOTURBO
0.15over 184 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 | ZYGO | TURBO |
|---|---|---|
| Max drawdown (400d) | -98.9% | -80.7% |
| Risk-adjusted return (90d) | -0.28 | -0.06 |
| Best 30 days (past year) | — | +46.2% |
| Worst 30 days (past year) | — | -53.3% |
Relative strength over 90 days: ZYGO outperformed TURBO by 23.3% — measured on the ZYGO/TURBO ratio, so it holds regardless of market direction.